Direxion Daily S&P 500 High Beta Bear 3X ETF (NYSEARCA:HIBS – Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 31,810 shares, a drop of 54.5% from the September 15th total of 69,931 shares. Based on an average daily trading volume, of 229,222 shares, the short-interest ratio is currently 0.1 days. Currently, 2.6% of the company’s shares are short sold.
Hedge Funds Weigh In On Direxion Daily S&P 500 High Beta Bear 3X ETF
An institutional investor recently raised its position in Direxion Daily S&P 500 High Beta Bear 3X ETF stock. Virtu Financial LLC lifted its holdings in shares of Direxion Daily S&P 500 High Beta Bear 3X ETF (NYSEARCA:HIBS – Free Report) by 322.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 168,005 shares of the company’s stock after purchasing an additional 128,276 shares during the quarter. 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 filing with the SEC.
Direxion Daily S&P 500 High Beta Bear 3X ETF Price Performance
Shares of HIBS stock traded down $0.12 on Thursday, hitting $19.24. The stock had a trading volume of 718,632 shares, compared to its average volume of 255,752. The company’s 50 day moving average price is $18.26 and its 200-day moving average price is $23.34. Direxion Daily S&P 500 High Beta Bear 3X ETF has a 1 year low of $15.00 and a 1 year high of $74.95.
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.
Further Reading
- Five stocks we like better than Direxion Daily S&P 500 High Beta Bear 3X ETF
- ASML Can’t Keep Up With AI Demand—Why That’s a Good Thing
- Enovix’s 100,000-Battery Drone Order Sets Up a Test of Its Production Plans
- AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle
- Beyond the GPU: Credo Paves the Next AI Data Superhighway
Receive News & Ratings for Direxion Daily S&P 500 High Beta Bear 3X ETF 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 ETF and related companies with MarketBeat.com's FREE daily email newsletter.
