Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS – Get Free Report) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 19,901 shares, a decline of 36.5% from the June 15th total of 31,338 shares. Currently, 2.0% of the shares of the company are sold short. Based on an average trading volume of 180,586 shares, the short-interest ratio is presently 0.1 days.
Hedge Funds Weigh In On Direxion Daily S&P 500 High Beta Bear 3X Shares
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Prosperity Wealth Management Inc. raised its stake in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares by 213.9% during the 3rd quarter. Prosperity Wealth Management Inc. now owns 249,733 shares of the company’s stock worth $1,621,000 after buying an additional 170,165 shares in the last quarter. Virtu Financial LLC boosted its stake in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares by 322.9% in the fourth quarter. Virtu Financial LLC now owns 168,005 shares of the company’s stock valued at $847,000 after buying an additional 128,276 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares in the second quarter valued at approximately $219,000. HRT Financial LP acquired a new position in Direxion Daily S&P 500 High Beta Bear 3X Shares during the fourth quarter worth $59,000. Finally, StoneX Group Inc. acquired a new position in Direxion Daily S&P 500 High Beta Bear 3X Shares during the fourth quarter worth $55,000.
Direxion Daily S&P 500 High Beta Bear 3X Shares Trading Down 0.1%
Shares of Direxion Daily S&P 500 High Beta Bear 3X Shares stock traded down $0.02 on Friday, reaching $22.02. 356,649 shares of the stock were exchanged, compared to its average volume of 270,510. 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 has a fifty day moving average price of $21.78 and a two-hundred day moving average price of $34.92.
About Direxion Daily S&P 500 High Beta Bear 3X Shares
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.
Further Reading
- Five stocks we like better than Direxion Daily S&P 500 High Beta Bear 3X Shares
- AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector
- Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth
- TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident
- GE Aerospace Faces a Prove-It Moment in Q2 Earnings
Receive News & Ratings for Direxion Daily S&P 500 High Beta Bear 3X Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily S&P 500 High Beta Bear 3X Shares and related companies with MarketBeat.com's FREE daily email newsletter.
