Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS – Get Free Report) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 54,488 shares, an increase of 94.7% from the July 30th total of 27,979 shares. Currently, 5.8% of the shares of the stock are sold short. Based on an average trading volume of 134,662 shares, the days-to-cover ratio is currently 0.4 days.
Direxion Daily S&P 500 High Beta Bear 3X Shares Stock Down 0.6%
Shares of HIBS traded down $0.12 during trading hours on Monday, hitting $19.44. The stock had a trading volume of 103,321 shares, compared to its average volume of 258,335. The company’s fifty day moving average is $20.02 and its two-hundred day moving average is $29.46. Direxion Daily S&P 500 High Beta Bear 3X Shares has a 52 week low of $17.12 and a 52 week high of $80.70.
Hedge Funds Weigh In On Direxion Daily S&P 500 High Beta Bear 3X Shares
Several institutional investors have recently bought and sold shares of the business. Group One Trading LLC bought a new position in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares in the third quarter worth about $28,000. StoneX Group Inc. bought a new position in Direxion Daily S&P 500 High Beta Bear 3X Shares in the 4th quarter valued at $55,000. HRT Financial LP acquired a new stake in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares in the 4th quarter valued at $59,000. Tower Research Capital LLC TRC bought a new stake in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares during the second quarter worth $219,000. Finally, Virtu Financial LLC lifted its stake in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares by 322.9% during the fourth quarter. Virtu Financial LLC now owns 168,005 shares of the company’s stock valued at $847,000 after acquiring an additional 128,276 shares during the period.
Direxion Daily S&P 500 High Beta Bear 3X Shares 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.
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