About Direxion Daily Dow Jones Internet Bear 3X Shares (WEBS)

The Direxion Daily Dow Jones Internet Bear 3X Shares (WEBS) is an exchange-traded fund (ETF) that seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) performance of the Dow Jones Internet Composite Index. This ETF is designed for short-term traders and aggressive investors who have a bearish outlook on the internet sector.

The WEBS ETF is managed by Direxion, a well-known provider of leveraged and inverse ETFs. Leveraged ETFs aim to deliver multiples (either positive or negative) of the daily performance of an index, while inverse ETFs seek to provide the opposite investment result of a specified index.