Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS – Get Free Report) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 164,070 shares, an increase of 46.6% from the January 15th total of 111,888 shares. Based on an average trading volume of 2,218,632 shares, the short-interest ratio is presently 0.1 days. Approximately 3.7% of the shares of the company are short sold. Approximately 3.7% of the shares of the company are short sold. Based on an average trading volume of 2,218,632 shares, the short-interest ratio is presently 0.1 days.
Direxion Daily S&P 500 High Beta Bear 3X Shares Stock Performance
NYSEARCA HIBS opened at $4.24 on Friday. Direxion Daily S&P 500 High Beta Bear 3X Shares has a 52 week low of $3.87 and a 52 week high of $41.69. The company has a 50-day moving average price of $4.56 and a two-hundred day moving average price of $5.94.
Direxion Daily S&P 500 High Beta Bear 3X Shares shares are going to reverse split on Thursday, March 5th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, March 4th.
Institutional Investors Weigh In On Direxion Daily S&P 500 High Beta Bear 3X Shares
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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