Direxion Daily S&P 500 High Beta Bull 3X ETF (NYSEARCA:HIBL – Get Free Report) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 30,102 shares, a drop of 66.5% from the August 31st total of 89,916 shares. Approximately 4.2% of the shares of the stock are short sold. Based on an average trading volume of 47,141 shares, the days-to-cover ratio is presently 0.6 days.
Institutional Trading of Direxion Daily S&P 500 High Beta Bull 3X ETF
An institutional investor recently raised its position in Direxion Daily S&P 500 High Beta Bull 3X ETF stock. Virtu Financial LLC increased its holdings in Direxion Daily S&P 500 High Beta Bull 3X ETF (NYSEARCA:HIBL – Free Report) by 347.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 21,545 shares of the company’s stock after acquiring an additional 16,731 shares during the period. Virtu Financial LLC owned approximately 2.66% of Direxion Daily S&P 500 High Beta Bull 3X ETF worth $1,415,000 at the end of the most recent quarter.
Direxion Daily S&P 500 High Beta Bull 3X ETF Stock Performance
Shares of NYSEARCA:HIBL traded up $3.40 during midday trading on Friday, hitting $115.08. The company’s stock had a trading volume of 45,955 shares, compared to its average volume of 67,001. The company has a market cap of $81.71 million, a P/E ratio of 14.26 and a beta of 4.36. Direxion Daily S&P 500 High Beta Bull 3X ETF has a 12-month low of $46.94 and a 12-month high of $138.11. The business’s 50 day simple moving average is $104.10 and its 200 day simple moving average is $98.84.
About Direxion Daily S&P 500 High Beta Bull 3X ETF
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.
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