Direxion Daily S&P 500 High Beta Bull 3X ETF (NYSEARCA:HIBL – Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 56,116 shares, a growth of 131.1% from the September 30th total of 24,283 shares. Currently, 6.2% of the company’s stock are sold short. Based on an average daily volume of 52,378 shares, the days-to-cover ratio is currently 1.1 days.
Direxion Daily S&P 500 High Beta Bull 3X ETF Trading Down 14.8%
NYSEARCA HIBL traded down $13.85 during trading on Friday, hitting $79.56. 104,061 shares of the company traded hands, compared to its average volume of 65,604. 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. The business has a fifty day simple moving average of $103.20 and a 200 day simple moving average of $94.08. The company has a market capitalization of $68.42 million, a P/E ratio of 14.26 and a beta of 4.42.
About Direxion Daily S&P 500 High Beta Bull 3X ETF
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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