Direxion Daily S&P 500 High Beta Bull 3X Shares (NYSEARCA:HIBL) Short Interest Down 46.7% in July

Direxion Daily S&P 500 High Beta Bull 3X Shares (NYSEARCA:HIBL) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 14,187 shares, a decline of 46.7% from the June 30th total of 26,607 shares. Based on an average daily volume of 60,242 shares, the short-interest ratio is currently 0.2 days. Approximately 1.8% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new stake in shares of Direxion Daily S&P 500 High Beta Bull 3X Shares during the 2nd quarter worth $1,659,000. Tower Research Capital LLC TRC increased its holdings in shares of Direxion Daily S&P 500 High Beta Bull 3X Shares by 131.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 33,572 shares of the company’s stock valued at $1,443,000 after purchasing an additional 19,063 shares in the last quarter. Susquehanna International Group LLP lifted its stake in shares of Direxion Daily S&P 500 High Beta Bull 3X Shares by 4.9% in the third quarter. Susquehanna International Group LLP now owns 69,556 shares of the company’s stock valued at $4,104,000 after purchasing an additional 3,247 shares during the period. Group One Trading LLC acquired a new stake in shares of Direxion Daily S&P 500 High Beta Bull 3X Shares in the fourth quarter valued at about $39,000. Finally, Virtu Financial LLC boosted its holdings in Direxion Daily S&P 500 High Beta Bull 3X Shares by 347.5% during the fourth quarter. Virtu Financial LLC now owns 21,545 shares of the company’s stock worth $1,415,000 after buying an additional 16,731 shares in the last quarter.

Direxion Daily S&P 500 High Beta Bull 3X Shares Trading Up 12.4%

Shares of HIBL traded up $10.20 during mid-day trading on Thursday, hitting $92.20. The company’s stock had a trading volume of 77,893 shares, compared to its average volume of 73,928. The firm has a 50-day simple moving average of $113.55 and a 200 day simple moving average of $89.46. The firm has a market capitalization of $70.07 million, a P/E ratio of 14.26 and a beta of 4.30. Direxion Daily S&P 500 High Beta Bull 3X Shares has a 1-year low of $43.93 and a 1-year high of $138.11.

Direxion Daily S&P 500 High Beta Bull 3X Shares Company Profile

The Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) is an exchange-traded fund that is based on the S&P 500 High Beta index. The fund provides 3x daily leveraged exposure to a beta-weighted index of 100 highest-beta stocks in the S&P 500. HIBL was launched on Nov 7, 2019 and is managed by Direxion.