Direxion Daily Dow Jones Internet Bull 3X Shares

Direxion Daily Dow Jones Internet Bull 3X Shares

WEBL

WEBLDirexion Daily Dow Jones Internet Bull 3X Shares US flag

New York Stock Exchange Arca

23.56

USD

-0.71

- -

121.61MMarket Cap

Direxion Daily Dow Jones Internet Bull 3X Shares

WEBL

(New York Stock Exchange Arca)

Recent

price

23.56

P/E

ratio

- -

div

yld

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ROIC.AI

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Capital Structure

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Business: Direxion Daily Dow Jones Internet Bull 3X Shares (WEBL) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 300% of the performance of the Dow Jones Internet Composite Index, a market-cap-weighted benchmark comprising the largest and most liquid U.S. internet companies generating at least 50% of revenues from internet-related activities including internet commerce and services; the fund employs derivatives such as swaps and futures, alongside direct equity holdings in top constituents like Meta Platforms, Amazon.com, Netflix, Alphabet, Arista Networks, and Cisco Systems. Launched on November 7, 2019, and domiciled in the United States with primary listing on NYSE Arca, WEBL targets sophisticated investors comfortable with high volatility and leverage risk, offering amplified short-term exposure to the growth-oriented internet sector without providing multi-day leveraged returns; it maintains a net expense ratio of 0.98%, total net assets around $140-145 million, and pays periodic income distributions, such as $0.04409 per share in June 2025 and $0.02460 in March 2025. Managed by Rafferty Asset Management, LLC under the Direxion Shares ETF Trust, the fund operates principally in U.S. equity markets with no international geographic focus beyond underlying U.S.-listed holdings. In recent operational updates, Direxion announced a reverse stock split for the companion Direxion Daily Dow Jones Internet Bear 3X Shares (WEBS) effective around October 2024, reflecting ongoing portfolio management amid market volatility; the firm also launched new single-stock leveraged ETFs including those tied to Cisco (CSCO) and Qualcomm (QCOM) in June 2025, alongside introducing an ETF Alert Service for price and volume notifications in January 2024. These developments align with Direxion's expansion of its leveraged and inverse ETF lineup for tactical trading, though no direct acquisitions, funding rounds, or strategic partnerships specific to WEBL were reported in the past 1-2 years; the fund continues to emphasize daily leveraged goals suited for active monitoring rather than long-term holding.

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