Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS – Get Free Report) shares traded up 7.1% during trading on Friday . The company traded as high as $5.00 and last traded at $4.95. 2,569,851 shares changed hands during trading, an increase of 261% from the average session volume of 711,545 shares. The stock had previously closed at $4.62.
Direxion Daily S&P 500 High Beta Bear 3X Shares Stock Performance
The business has a fifty day simple moving average of $5.82 and a 200 day simple moving average of $7.64.
Institutional Investors Weigh In On Direxion Daily S&P 500 High Beta Bear 3X Shares
A number of institutional investors and hedge funds have recently bought and sold shares of HIBS. Choreo LLC bought a new position in Direxion Daily S&P 500 High Beta Bear 3X Shares during the 3rd quarter valued at $2,366,000. Prosperity Wealth Management Inc. raised its holdings in shares of 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 valued at $1,621,000 after purchasing an additional 170,165 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares during the second quarter valued at about $219,000. Group One Trading LLC bought a new position in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares during the third quarter valued at about $28,000. Finally, Simplex Trading LLC purchased a new position in Direxion Daily S&P 500 High Beta Bear 3X Shares during the first quarter worth about $63,000.
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.
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