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

by · The Cerbat Gem

Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS – Get Free Report) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 59,162 shares, a growth of 399.2% from the April 30th total of 11,852 shares. Based on an average trading volume of 115,759 shares, the days-to-cover ratio is presently 0.5 days. Currently, 9.2% of the company’s shares are sold short.

Direxion Daily S&P 500 High Beta Bear 3X Shares Trading Down 3.3%

Shares of HIBS traded down $0.74 during trading hours on Thursday, hitting $21.99. 113,054 shares of the stock traded hands, compared to its average volume of 287,363. Direxion Daily S&P 500 High Beta Bear 3X Shares has a 1-year low of $21.69 and a 1-year high of $135.50. The business has a fifty day moving average of $35.39 and a 200-day moving average of $43.81.

Hedge Funds Weigh In On Direxion Daily S&P 500 High Beta Bear 3X Shares

Large investors have recently made changes to their positions in the company. Choreo LLC acquired a new position in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares during the third quarter valued at $2,366,000. Prosperity Wealth Management Inc. lifted its stake in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares by 213.9% during the third quarter. Prosperity Wealth Management Inc. now owns 249,733 shares of the company’s stock valued at $1,621,000 after acquiring an additional 170,165 shares during the period. HRT Financial LP acquired a new position in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares during the fourth quarter valued at $59,000. StoneX Group Inc. acquired a new position in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares during the fourth quarter valued at $55,000. Finally, Group One Trading LLC acquired a new position in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares during the third quarter valued at $28,000.

About Direxion Daily S&P 500 High Beta Bear 3X Shares

(Get Free Report)

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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