Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS) Short Interest Update

Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 27,979 shares, a decrease of 62.9% from the July 15th total of 75,508 shares. Approximately 3.0% of the shares of the company are sold short. Based on an average daily trading volume, of 310,328 shares, the short-interest ratio is currently 0.1 days.

Direxion Daily S&P 500 High Beta Bear 3X Shares Stock Down 1.2%

Shares of HIBS traded down $0.22 during mid-day trading on Friday, hitting $17.57. The company’s stock had a trading volume of 13,563 shares, compared to its average volume of 264,304. Direxion Daily S&P 500 High Beta Bear 3X Shares has a 1-year low of $17.12 and a 1-year high of $86.25. The firm has a 50-day simple moving average of $20.46 and a 200 day simple moving average of $31.55.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Group One Trading LLC purchased a new stake in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares during the 3rd quarter worth $28,000. StoneX Group Inc. acquired a new position in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares during the 4th quarter worth $55,000. HRT Financial LP purchased a new position in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares in the 4th quarter valued at about $59,000. Tower Research Capital LLC TRC purchased a new position in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares in the 2nd quarter valued at about $219,000. Finally, Virtu Financial LLC increased its holdings in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares by 322.9% in the 4th 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.

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.