Direxion Daily S&P 500 High Beta Bull 3X Shares (NYSEARCA:HIBL) Short Interest Update

Direxion Daily S&P 500 High Beta Bull 3X Shares (NYSEARCA:HIBL) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 14,187 shares, a drop of 46.7% from the June 30th total of 26,607 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average daily trading volume, of 60,242 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HIBL. Group One Trading LLC purchased a new position in Direxion Daily S&P 500 High Beta Bull 3X Shares during the fourth quarter worth about $39,000. Virtu Financial LLC boosted its holdings in Direxion Daily S&P 500 High Beta Bull 3X Shares by 347.5% in the 4th quarter. Virtu Financial LLC now owns 21,545 shares of the company’s stock valued at $1,415,000 after purchasing an additional 16,731 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Direxion Daily S&P 500 High Beta Bull 3X Shares by 131.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 33,572 shares of the company’s stock worth $1,443,000 after purchasing an additional 19,063 shares during the period. Jane Street Group LLC purchased a new position in shares of Direxion Daily S&P 500 High Beta Bull 3X Shares during the 2nd quarter worth approximately $1,659,000. Finally, Susquehanna International Group LLP raised its stake in shares of Direxion Daily S&P 500 High Beta Bull 3X Shares by 4.9% during the 3rd quarter. Susquehanna International Group LLP now owns 69,556 shares of the company’s stock worth $4,104,000 after buying an additional 3,247 shares in the last quarter.

Direxion Daily S&P 500 High Beta Bull 3X Shares Stock Performance

Direxion Daily S&P 500 High Beta Bull 3X Shares stock traded down $9.72 during trading hours on Wednesday, reaching $82.00. 65,119 shares of the stock were exchanged, compared to its average volume of 73,897. The stock has a market cap of $66.42 million, a P/E ratio of 14.26 and a beta of 4.30. Direxion Daily S&P 500 High Beta Bull 3X Shares has a 52-week low of $43.93 and a 52-week high of $138.11. The firm’s 50 day moving average is $113.73 and its 200 day moving average is $89.35.

Direxion Daily S&P 500 High Beta Bull 3X Shares 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.