Direxion Daily S&P 500 High Beta Bear 3X ETF (NYSEARCA:HIBS – Get Free Report) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 31,810 shares, a decrease of 54.5% from the September 15th total of 69,931 shares. Currently, 2.6% of the company’s shares are sold short. Based on an average daily volume of 229,222 shares, the days-to-cover ratio is currently 0.1 days.
Direxion Daily S&P 500 High Beta Bear 3X ETF Trading Up 1.3%
NYSEARCA HIBS traded up $0.22 during mid-day trading on Tuesday, hitting $17.22. The company’s stock had a trading volume of 159,908 shares, compared to its average volume of 250,920. Direxion Daily S&P 500 High Beta Bear 3X ETF has a 52-week low of $15.00 and a 52-week high of $74.95. The stock’s fifty day simple moving average is $18.30 and its two-hundred day simple moving average is $23.95.
Institutional Investors Weigh In On Direxion Daily S&P 500 High Beta Bear 3X ETF
An institutional investor recently raised its stake in Direxion Daily S&P 500 High Beta Bear 3X ETF stock. Virtu Financial LLC grew its holdings in Direxion Daily S&P 500 High Beta Bear 3X ETF (NYSEARCA:HIBS – Free Report) by 322.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 168,005 shares of the company’s stock after acquiring an additional 128,276 shares during the period. Virtu Financial LLC owned about 3.75% of Direxion Daily S&P 500 High Beta Bear 3X ETF worth $847,000 as of its most recent SEC filing.
Direxion Daily S&P 500 High Beta Bear 3X ETF Company Profile
The Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) is an exchange-traded fund that is based on the S&P 500 High Beta index. The fund provides 3x daily inverse exposure to a beta-weighted index of 100 highest-beta stocks in the S&P 500. HIBS was launched on Nov 7, 2019 and is managed by Direxion.
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