Direxion Daily S&P 500 High Beta Bull 3X ETF (NYSEARCA:HIBL – Get Free Report) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 89,916 shares, an increase of 241.5% from the August 15th total of 26,327 shares. Based on an average daily trading volume, of 41,759 shares, the days-to-cover ratio is currently 2.2 days. Currently, 11.1% of the company’s shares are short sold.
Direxion Daily S&P 500 High Beta Bull 3X ETF Trading Up 6.5%
Shares of HIBL traded up $6.49 on Friday, reaching $105.82. 55,490 shares of the company’s stock were exchanged, compared to its average volume of 68,648. The stock has a market capitalization of $85.71 million, a P/E ratio of 14.26 and a beta of 4.36. The business has a 50 day moving average price of $104.82 and a two-hundred day moving average price of $96.48. Direxion Daily S&P 500 High Beta Bull 3X ETF has a 12 month low of $46.94 and a 12 month high of $138.11.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Group One Trading LLC bought a new position in shares of Direxion Daily S&P 500 High Beta Bull 3X ETF in the 4th quarter worth $39,000. Virtu Financial LLC increased its holdings in Direxion Daily S&P 500 High Beta Bull 3X ETF by 347.5% in the fourth quarter. Virtu Financial LLC now owns 21,545 shares of the company’s stock valued at $1,415,000 after purchasing an additional 16,731 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Direxion Daily S&P 500 High Beta Bull 3X ETF by 131.4% in the second quarter. Tower Research Capital LLC TRC now owns 33,572 shares of the company’s stock valued at $1,443,000 after buying an additional 19,063 shares during the period. Jane Street Group LLC acquired a new position in Direxion Daily S&P 500 High Beta Bull 3X ETF in the second quarter valued at about $1,659,000. Finally, Susquehanna International Group LLP boosted its holdings in Direxion Daily S&P 500 High Beta Bull 3X ETF by 4.9% during the third quarter. Susquehanna International Group LLP now owns 69,556 shares of the company’s stock worth $4,104,000 after buying an additional 3,247 shares during the last quarter.
Direxion Daily S&P 500 High Beta Bull 3X ETF 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.
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