Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS) Trading Down 1.9% – Here’s Why

by · The Cerbat Gem

Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS – Get Free Report) shares were down 1.9% during trading on Tuesday . The company traded as low as $18.26 and last traded at $18.38. Approximately 87,315 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 250,993 shares. The stock had previously closed at $18.74.

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

The business has a fifty day moving average price of $20.85 and a 200 day moving average price of $23.52.

Institutional Trading of Direxion Daily S&P 500 High Beta Bear 3X Shares

A hedge fund recently raised its stake in Direxion Daily S&P 500 High Beta Bear 3X Shares stock. Virtu Financial LLC boosted its stake in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS – Free Report) by 150.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,126 shares of the company’s stock after acquiring an additional 38,476 shares during the quarter. Virtu Financial LLC owned about 4.48% of Direxion Daily S&P 500 High Beta Bear 3X Shares worth $1,413,000 as of its most recent filing with the Securities and Exchange Commission.

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

(Get Free Report)

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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