Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS – Get Free Report) traded up 7.6% during mid-day trading on Monday . The stock traded as high as $21.00 and last traded at $20.72. Approximately 188,622 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 272,045 shares. The stock had previously closed at $19.26.
Direxion Daily S&P 500 High Beta Bear 3X Shares Stock Up 7.6%
The company’s fifty day moving average is $22.15 and its 200 day moving average is $35.47.
Hedge Funds Weigh In On Direxion Daily S&P 500 High Beta Bear 3X Shares
A number of large investors have recently made changes to their positions in HIBS. Virtu Financial LLC grew its position in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares by 322.9% in the fourth quarter. Virtu Financial LLC now owns 168,005 shares of the company’s stock valued at $847,000 after purchasing an additional 128,276 shares in the last quarter. HRT Financial LP purchased a new stake in Direxion Daily S&P 500 High Beta Bear 3X Shares during the 4th quarter worth about $59,000. StoneX Group Inc. purchased a new stake in Direxion Daily S&P 500 High Beta Bear 3X Shares during the 4th quarter worth about $55,000. Prosperity Wealth Management Inc. lifted its holdings in Direxion Daily S&P 500 High Beta Bear 3X Shares by 213.9% during the 3rd quarter. Prosperity Wealth Management Inc. now owns 249,733 shares of the company’s stock worth $1,621,000 after purchasing an additional 170,165 shares in the last quarter. Finally, Tower Research Capital LLC TRC bought a new position in Direxion Daily S&P 500 High Beta Bear 3X Shares in the 2nd quarter worth about $219,000.
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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