Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS) Short Interest Down 32.0% in December

Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 129,421 shares, a decrease of 32.0% from the December 15th total of 190,397 shares. Based on an average daily volume of 980,841 shares, the short-interest ratio is presently 0.1 days. Currently, 2.8% of the company’s stock are short sold. Currently, 2.8% of the company’s stock are short sold. Based on an average daily volume of 980,841 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Direxion Daily S&P 500 High Beta Bear 3X Shares

Institutional investors have recently added to or reduced their stakes in the business. Prosperity Wealth Management Inc. grew its position in 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 acquiring an additional 170,165 shares in the last quarter. Group One Trading LLC bought a new position in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares during the 3rd quarter valued at $28,000. Choreo LLC acquired a new stake in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares in the 3rd quarter valued at $2,366,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares in the 2nd quarter valued at $219,000.

Direxion Daily S&P 500 High Beta Bear 3X Shares Stock Up 1.6%

Shares of Direxion Daily S&P 500 High Beta Bear 3X Shares stock traded up $0.07 during trading on Friday, hitting $4.34. 1,060,167 shares of the stock traded hands, compared to its average volume of 2,089,106. The company has a fifty day moving average price of $5.22 and a two-hundred day moving average price of $6.52. Direxion Daily S&P 500 High Beta Bear 3X Shares has a twelve month low of $4.16 and a twelve month high of $41.69.

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

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.