Direxion Daily S&P 500 High Beta Bull 3X ETF (NYSEARCA:HIBL) Shares Shorted: Short Interest Down 66.5% in September

Direxion Daily S&P 500 High Beta Bull 3X ETF (NYSEARCA:HIBL) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 30,102 shares, a decline of 66.5% from the August 31st total of 89,916 shares. Approximately 4.2% of the shares of the company are short sold. Based on an average daily volume of 47,141 shares, the short-interest ratio is presently 0.6 days.

Direxion Daily S&P 500 High Beta Bull 3X ETF Price Performance

Direxion Daily S&P 500 High Beta Bull 3X ETF stock traded up $3.40 during trading hours on Friday, hitting $115.08. 45,955 shares of the stock traded hands, compared to its average volume of 67,001. The firm’s 50 day moving average price is $104.10 and its 200-day moving average price is $98.84. The stock has a market capitalization of $81.71 million, a price-to-earnings ratio of 14.26 and a beta of 4.36. Direxion Daily S&P 500 High Beta Bull 3X ETF has a 1 year low of $46.94 and a 1 year high of $138.11.

Hedge Funds Weigh In On Direxion Daily S&P 500 High Beta Bull 3X ETF

An institutional investor recently raised its stake in Direxion Daily S&P 500 High Beta Bull 3X ETF stock. Virtu Financial LLC boosted its stake in shares of Direxion Daily S&P 500 High Beta Bull 3X ETF (NYSEARCA:HIBL) by 347.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 21,545 shares of the company’s stock after acquiring an additional 16,731 shares during the period. Virtu Financial LLC owned about 2.66% of Direxion Daily S&P 500 High Beta Bull 3X ETF worth $1,415,000 at the end of the most recent quarter.

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