Direxion Daily S&P 500 High Beta Bull 3X ETF (NYSEARCA:HIBL) Sees Large Growth in Short Interest

Direxion Daily S&P 500 High Beta Bull 3X ETF (NYSEARCA:HIBL) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 56,116 shares, an increase of 131.1% from the September 30th total of 24,283 shares. Approximately 6.2% of the shares of the stock are short sold. Based on an average trading volume of 52,378 shares, the short-interest ratio is currently 1.1 days.

Direxion Daily S&P 500 High Beta Bull 3X ETF Trading Down 14.8%

Direxion Daily S&P 500 High Beta Bull 3X ETF stock opened at $79.56 on Friday. Direxion Daily S&P 500 High Beta Bull 3X ETF has a 1-year low of $46.94 and a 1-year high of $138.11. The firm has a market capitalization of $68.42 million, a PE ratio of 14.26 and a beta of 4.42. The firm’s 50 day simple moving average is $102.73 and its 200 day simple moving average is $94.10.

Direxion Daily S&P 500 High Beta Bull 3X ETF Company Profile

The Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) is an exchange-traded fund that is based on the S&P 500 High Beta index. The fund provides 3x daily leveraged exposure to a beta-weighted index of 100 highest-beta stocks in the S&P 500. HIBL was launched on Nov 7, 2019 and is managed by Direxion.