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) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 19,901 shares, a decrease of 36.5% from the June 15th total of 31,338 shares. Approximately 2.0% of the shares of the company are short sold. Based on an average daily volume of 180,586 shares, the short-interest ratio is presently 0.1 days.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Group One Trading LLC acquired a new stake in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares during the 3rd quarter worth approximately $28,000. StoneX Group Inc. bought a new position in Direxion Daily S&P 500 High Beta Bear 3X Shares during the 4th quarter worth $55,000. HRT Financial LP acquired a new stake in Direxion Daily S&P 500 High Beta Bear 3X Shares in the fourth quarter worth $59,000. Tower Research Capital LLC TRC acquired a new stake in Direxion Daily S&P 500 High Beta Bear 3X Shares in the second quarter worth $219,000. Finally, Virtu Financial LLC lifted its stake in 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 buying an additional 128,276 shares during the last quarter.

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

Direxion Daily S&P 500 High Beta Bear 3X Shares stock opened at $22.90 on Friday. Direxion Daily S&P 500 High Beta Bear 3X Shares has a 1 year low of $17.12 and a 1 year high of $89.90. The firm’s 50-day moving average is $21.72 and its 200-day moving average is $34.83.

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

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.