Prosperity Wealth Management Inc. Buys 5,546 Shares of Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS)

Prosperity Wealth Management Inc. raised its stake in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS) by 24.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,033 shares of the company’s stock after purchasing an additional 5,546 shares during the period. Prosperity Wealth Management Inc. owned 0.21% of Direxion Daily S&P 500 High Beta Bear 3X Shares worth $760,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in HIBS. Jane Street Group LLC lifted its position in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares by 222.7% in the first quarter. Jane Street Group LLC now owns 164,003 shares of the company’s stock worth $807,000 after buying an additional 113,174 shares in the last quarter. Susquehanna International Group LLP raised its holdings in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares by 74.8% during the 1st quarter. Susquehanna International Group LLP now owns 150,306 shares of the company’s stock worth $740,000 after acquiring an additional 64,336 shares in the last quarter. UBS Group AG boosted its position in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares by 319.1% during the 2nd quarter. UBS Group AG now owns 115,382 shares of the company’s stock valued at $1,482,000 after acquiring an additional 87,849 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares in the fourth quarter valued at $771,000. Finally, Renaissance Technologies LLC bought a new stake in Direxion Daily S&P 500 High Beta Bear 3X Shares in the first quarter worth $425,000.

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

HIBS stock traded up $0.63 during trading on Wednesday, hitting $28.20. 78,934 shares of the company’s stock traded hands, compared to its average volume of 352,129. Direxion Daily S&P 500 High Beta Bear 3X Shares has a 52 week low of $21.75 and a 52 week high of $63.18. The business has a fifty day simple moving average of $24.97 and a 200 day simple moving average of $34.14.

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.