Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS – Get Free Report) shares shot up 0.5% during mid-day trading on Wednesday . The company traded as high as $26.65 and last traded at $25.87. 123,826 shares were traded during mid-day trading, a decline of 63% from the average session volume of 333,570 shares. The stock had previously closed at $25.75.
Direxion Daily S&P 500 High Beta Bear 3X Shares Trading Up 0.5 %
The firm has a 50-day simple moving average of $25.06 and a 200 day simple moving average of $31.81.
Hedge Funds Weigh In On Direxion Daily S&P 500 High Beta Bear 3X Shares
Large investors have recently made changes to their positions in the business. Prosperity Wealth Management Inc. purchased a new position in Direxion Daily S&P 500 High Beta Bear 3X Shares during the third quarter valued at $1,044,000. Virtu Financial LLC raised its position in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares by 137.5% in the 4th quarter. Virtu Financial LLC now owns 25,650 shares of the company’s stock worth $696,000 after purchasing an additional 14,850 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Direxion Daily S&P 500 High Beta Bear 3X Shares by 457.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 13,222 shares of the company’s stock worth $614,000 after purchasing an additional 10,851 shares in the last quarter. Simplex Trading LLC purchased a new stake 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. bought a new stake in Direxion Daily S&P 500 High Beta Bear 3X Shares during the 3rd quarter valued at about $44,000.
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.
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