Direxion Daily S&P 500 High Beta Bear 3X Shares Stock to Reverse Split on Thursday, March 5th (NYSEARCA:HIBS)

Shares of Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS) are going to reverse split on the morning of Thursday, March 5th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, March 4th.

Direxion Daily S&P 500 High Beta Bear 3X Shares Trading Down 2.6%

HIBS stock opened at $4.08 on Friday. The stock has a 50-day moving average price of $4.49 and a two-hundred day moving average price of $5.82. Direxion Daily S&P 500 High Beta Bear 3X Shares has a 1 year low of $3.87 and a 1 year high of $41.69.

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

Several institutional investors have recently bought and sold shares of the company. HRT Financial LP acquired a new position in Direxion Daily S&P 500 High Beta Bear 3X Shares during the 4th quarter worth approximately $59,000. StoneX Group Inc. acquired a new stake in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares in the fourth quarter valued at approximately $55,000. Prosperity Wealth Management Inc. lifted its position in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares by 213.9% in the third quarter. Prosperity Wealth Management Inc. now owns 249,733 shares of the company’s stock worth $1,621,000 after purchasing an additional 170,165 shares in the last quarter. Group One Trading LLC acquired a new position in Direxion Daily S&P 500 High Beta Bear 3X Shares during the third quarter worth $28,000. Finally, Choreo LLC acquired a new position in Direxion Daily S&P 500 High Beta Bear 3X Shares during the third quarter worth $2,366,000.

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.