Direxion Daily S&P 500 High Beta Bear 3X ETF (NYSEARCA:HIBS) Stock Short Interest Report for September

Direxion Daily S&P 500 High Beta Bear 3X ETF (NYSEARCA:HIBS) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 31,810 shares, a drop of 54.5% from the September 15th total of 69,931 shares. Based on an average daily volume of 229,222 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.6% of the company’s stock are sold short.

Institutional Investors Weigh In On Direxion Daily S&P 500 High Beta Bear 3X ETF

An institutional investor recently raised its position in Direxion Daily S&P 500 High Beta Bear 3X ETF stock. Virtu Financial LLC boosted its stake in Direxion Daily S&P 500 High Beta Bear 3X ETF (NYSEARCA:HIBS) by 322.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 168,005 shares of the company’s stock after acquiring an additional 128,276 shares during the quarter. Virtu Financial LLC owned about 3.75% of Direxion Daily S&P 500 High Beta Bear 3X ETF worth $847,000 at the end of the most recent reporting period.

Direxion Daily S&P 500 High Beta Bear 3X ETF Trading Up 1.3%

Shares of HIBS traded up $0.22 during midday trading on Tuesday, reaching $17.22. 159,908 shares of the company were exchanged, compared to its average volume of 250,920. The stock has a 50-day moving average price of $18.30 and a 200-day moving average price of $23.95. Direxion Daily S&P 500 High Beta Bear 3X ETF has a 1-year low of $15.00 and a 1-year high of $74.95.

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