Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS) Trading Down 1.8%

Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS) Trading Down 1.8%


Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBSGet Free Report) shares fell 1.8% on Friday . The stock traded as low as $25.63 and last traded at $25.78. 262,121 shares traded hands during trading, a decline of 14% from the average session volume of 305,963 shares. The stock had previously closed at $26.25.

Direxion Daily S&P 500 High Beta Bear 3X Shares Trading Down 1.8 %

The company’s 50-day simple moving average is $25.16 and its two-hundred day simple moving average is $28.31.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC lifted its position in Direxion Daily S&P 500 High Beta Bear 3X Shares by 150.0% during the 1st quarter. Virtu Financial LLC now owns 64,126 shares of the company’s stock valued at $1,413,000 after acquiring an additional 38,476 shares during the period. Prosperity Wealth Management Inc. lifted its position in Direxion Daily S&P 500 High Beta Bear 3X Shares by 24.7% during the 4th quarter. Prosperity Wealth Management Inc. now owns 28,033 shares of the company’s stock valued at $760,000 after acquiring an additional 5,546 shares during the period. Tower Research Capital LLC TRC lifted its position in Direxion Daily S&P 500 High Beta Bear 3X Shares by 457.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 13,222 shares of the company’s stock valued at $614,000 after acquiring an additional 10,851 shares during the period. Simplex Trading LLC purchased a new position in Direxion Daily S&P 500 High Beta Bear 3X Shares during the 4th quarter valued at about $174,000. Finally, Group One Trading L.P. purchased a new position in Direxion Daily S&P 500 High Beta Bear 3X Shares during the 3rd quarter valued at about $44,000.

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

(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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