Direxion Daily S&P 500 High Beta Bull 3X ETF (NYSEARCA:HIBL – Get Free Report) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 30,102 shares, a decrease of 66.5% from the August 31st total of 89,916 shares. Approximately 4.2% of the shares of the company are short sold. Based on an average trading volume of 47,141 shares, the short-interest ratio is currently 0.6 days.
Direxion Daily S&P 500 High Beta Bull 3X ETF Stock Performance
Shares of HIBL traded up $2.98 on Tuesday, reaching $112.07. The stock had a trading volume of 25,060 shares, compared to its average volume of 66,621. The firm has a market capitalization of $79.57 million, a price-to-earnings 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 company has a 50-day simple moving average of $104.38 and a 200-day simple moving average of $99.14.
Institutional Investors Weigh In On 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 boosted its stake in shares of Direxion Daily S&P 500 High Beta Bull 3X ETF (NYSEARCA:HIBL – Free Report) by 347.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,545 shares of the company’s stock after purchasing an additional 16,731 shares during the period. Virtu Financial LLC owned about 2.66% of Direxion Daily S&P 500 High Beta Bull 3X ETF worth $1,415,000 at the end of the most recent reporting period.
Direxion Daily S&P 500 High Beta Bull 3X ETF Company Profile
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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