Direxion Daily S&P 500 High Beta Bull 3X ETF (NYSEARCA:HIBL – Get Free Report) was the recipient of a significant decline in short interest in October. As of October 30th, there was short interest totaling 10,629 shares, a decline of 81.1% from the October 15th total of 56,116 shares. Based on an average daily volume of 64,734 shares, the short-interest ratio is presently 0.2 days. Currently, 1.2% of the shares of the stock are sold short.
Direxion Daily S&P 500 High Beta Bull 3X ETF Price Performance
Shares of HIBL traded down $3.46 during midday trading on Friday, reaching $69.98. The stock had a trading volume of 70,626 shares, compared to its average volume of 67,101. The firm’s 50 day moving average price is $96.23 and its 200-day moving average price is $93.97. Direxion Daily S&P 500 High Beta Bull 3X ETF has a 52 week low of $46.94 and a 52 week high of $138.11. The company has a market capitalization of $63.68 million, a P/E ratio of 14.26 and a beta of 4.48.
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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