Direxion Daily S&P 500 High Beta Bull 3X Shares (NYSEARCA:HIBL) Short Interest Update

Direxion Daily S&P 500 High Beta Bull 3X Shares (NYSEARCA:HIBL) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 14,187 shares, a decline of 46.7% from the June 30th total of 26,607 shares. Currently, 1.8% of the company’s shares are short sold. Based on an average daily trading volume, of 60,242 shares, the days-to-cover ratio is presently 0.2 days.

Direxion Daily S&P 500 High Beta Bull 3X Shares Stock Up 0.3%

Shares of HIBL traded up $0.32 on Friday, hitting $92.52. 59,938 shares of the stock traded hands, compared to its average volume of 73,832. Direxion Daily S&P 500 High Beta Bull 3X Shares has a 1 year low of $43.93 and a 1 year high of $138.11. The stock’s 50 day moving average is $113.28 and its two-hundred day moving average is $89.49. The firm has a market capitalization of $70.32 million, a P/E ratio of 14.26 and a beta of 4.30.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Group One Trading LLC purchased a new stake in shares of Direxion Daily S&P 500 High Beta Bull 3X Shares in the fourth quarter valued at $39,000. Virtu Financial LLC boosted its stake in Direxion Daily S&P 500 High Beta Bull 3X Shares by 347.5% in the 4th quarter. Virtu Financial LLC now owns 21,545 shares of the company’s stock worth $1,415,000 after buying an additional 16,731 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Direxion Daily S&P 500 High Beta Bull 3X Shares by 131.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 33,572 shares of the company’s stock worth $1,443,000 after buying an additional 19,063 shares during the last quarter. Jane Street Group LLC acquired a new stake in Direxion Daily S&P 500 High Beta Bull 3X Shares in the 2nd quarter worth about $1,659,000. Finally, Susquehanna International Group LLP grew its holdings in Direxion Daily S&P 500 High Beta Bull 3X Shares by 4.9% in the 3rd quarter. Susquehanna International Group LLP now owns 69,556 shares of the company’s stock valued at $4,104,000 after buying an additional 3,247 shares during the period.

Direxion Daily S&P 500 High Beta Bull 3X Shares 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.