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) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 59,162 shares, a growth of 399.2% from the April 30th total of 11,852 shares. Based on an average trading volume of 115,759 shares, the short-interest ratio is presently 0.5 days. Approximately 9.2% of the shares of the stock are short sold.

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

NYSEARCA:HIBS traded down $0.74 during trading hours on Thursday, reaching $21.99. The company had a trading volume of 113,054 shares, compared to its average volume of 287,363. The stock has a 50-day moving average of $35.39 and a two-hundred day moving average of $43.81. Direxion Daily S&P 500 High Beta Bear 3X Shares has a one year low of $21.69 and a one year high of $135.50.

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

Large investors have recently bought and sold shares of the stock. Group One Trading LLC bought a new stake in Direxion Daily S&P 500 High Beta Bear 3X Shares in the third quarter valued at $28,000. StoneX Group Inc. bought a new stake in Direxion Daily S&P 500 High Beta Bear 3X Shares in the fourth quarter valued at $55,000. HRT Financial LP bought a new stake in Direxion Daily S&P 500 High Beta Bear 3X Shares in the fourth quarter valued at $59,000. Tower Research Capital LLC TRC bought a new stake in Direxion Daily S&P 500 High Beta Bear 3X Shares in the second quarter valued at $219,000. Finally, Virtu Financial LLC grew its holdings in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares by 322.9% during the fourth quarter. Virtu Financial LLC now owns 168,005 shares of the company’s stock worth $847,000 after purchasing an additional 128,276 shares during the last quarter.

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.