Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS – Get Free Report) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 75,508 shares, a growth of 279.4% from the June 30th total of 19,901 shares. Approximately 6.9% of the company’s shares are short sold. Based on an average daily trading volume, of 166,895 shares, the days-to-cover ratio is presently 0.5 days.
Institutional Trading of Direxion Daily S&P 500 High Beta Bear 3X Shares
Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC bought a new position in Direxion Daily S&P 500 High Beta Bear 3X Shares in the second quarter valued at approximately $219,000. Group One Trading LLC bought a new stake in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares during the third quarter worth $28,000. Prosperity Wealth Management Inc. raised its holdings in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares by 213.9% during the third quarter. Prosperity Wealth Management Inc. now owns 249,733 shares of the company’s stock worth $1,621,000 after acquiring an additional 170,165 shares during the period. StoneX Group Inc. acquired a new stake in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares during the fourth quarter worth $55,000. Finally, HRT Financial LP bought a new stake in Direxion Daily S&P 500 High Beta Bear 3X Shares in the 4th quarter valued at $59,000.
Direxion Daily S&P 500 High Beta Bear 3X Shares Stock Up 4.3%
NYSEARCA:HIBS traded up $0.94 on Friday, reaching $22.65. The company’s stock had a trading volume of 330,801 shares, compared to its average volume of 269,759. Direxion Daily S&P 500 High Beta Bear 3X Shares has a 1-year low of $17.12 and a 1-year high of $89.90. The business’s 50-day moving average price is $21.30 and its two-hundred day moving average price is $33.88.
Direxion Daily S&P 500 High Beta Bear 3X Shares 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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