Virtu Financial LLC lifted its stake in Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS – Free Report) by 322.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 168,005 shares of the company’s stock after acquiring an additional 128,276 shares during the quarter. Virtu Financial LLC owned approximately 3.75% of Direxion Daily S&P 500 High Beta Bear 3X Shares worth $847,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Group One Trading LLC acquired a new stake in Direxion Daily S&P 500 High Beta Bear 3X Shares during the third quarter valued at $28,000. StoneX Group Inc. purchased a new stake in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares during the 4th quarter worth about $55,000. HRT Financial LP purchased a new stake in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares during the 4th quarter worth about $59,000. Tower Research Capital LLC TRC purchased a new stake in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares during the 2nd quarter worth about $219,000. Finally, Prosperity Wealth Management Inc. lifted its holdings 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 valued at $1,621,000 after buying an additional 170,165 shares during the last quarter.
Direxion Daily S&P 500 High Beta Bear 3X Shares Stock Performance
Shares of Direxion Daily S&P 500 High Beta Bear 3X Shares stock opened at $18.07 on Monday. The stock has a 50-day simple moving average of $26.64 and a 200-day simple moving average of $38.94. Direxion Daily S&P 500 High Beta Bear 3X Shares has a 52-week low of $17.70 and a 52-week high of $116.40.
Direxion Daily S&P 500 High Beta Bear 3X Shares 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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