Key stats
About Direxion Daily Dow Jones Internet Bear 3X Shares
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Inception date
Nov 7, 2019
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
WEBS is passively managed to provide 3x daily inverse exposure to the Dow Jones Internet Composite Index. The index is composed of the 40 largest and most actively traded U.S. internet technology and commerce companies. Companies selected are determined by the Index Provider to derive a majority of their sales from activities such as online retail, social media, advertising, travel platforms, cloud computing or digital marketing. Because of daily rebalancing and the compounding over time, the return of the Fund for periods longer than a day, will very likely differ from -300% of the return of the Index over the same period.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
WEBS last dividends amounted to 0.22 USD. The quarter before, the issuer paid 0.42 USD in dividends, which shows a 89.48% decrease.
WEBS assets under management is 8.28 M USD. It's fallen 23.94% over the last month.
WEBS fund flows account for 3.96 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, WEBS pays dividends to its holders with the dividend yield of 9.75%. The last dividend (Apr 1, 2025) amounted to 0.22 USD. The dividends are paid quarterly.
WEBS shares are issued by Rafferty Asset Management LLC under the brand Direxion. The ETF was launched on Nov 7, 2019, and its management style is Passive.
WEBS expense ratio is 1.08% meaning you'd have to pay 1.08% of your investment to help manage the fund.
WEBS follows the DJ Internet Composite. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
WEBS invests in cash.
WEBS price has fallen by −25.69% over the last month, and its yearly performance shows a −67.21% decrease. See more dynamics on WEBS price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −24.39% over the last month, showed a −40.73% decrease in three-month performance and has decreased by −66.01% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −24.39% over the last month, showed a −40.73% decrease in three-month performance and has decreased by −66.01% in a year.
WEBS trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.