Virtu Financial LLC Purchases 38,476 Shares of Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS)

Virtu Financial LLC raised its position in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS) by 150.0% in the first quarter, Holdings Channel reports. The fund owned 64,126 shares of the company’s stock after buying an additional 38,476 shares during the quarter. Virtu Financial LLC’s holdings in Direxion Daily S&P 500 High Beta Bear 3X Shares were worth $1,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Prosperity Wealth Management Inc. lifted its stake in Direxion Daily S&P 500 High Beta Bear 3X Shares by 24.7% during the fourth quarter. Prosperity Wealth Management Inc. now owns 28,033 shares of the company’s stock worth $760,000 after purchasing an additional 5,546 shares during the period.

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

Shares of NYSEARCA:HIBS traded up $3.06 during trading on Friday, reaching $27.84. The stock had a trading volume of 553,827 shares, compared to its average volume of 271,591. Direxion Daily S&P 500 High Beta Bear 3X Shares has a 52 week low of $20.02 and a 52 week high of $63.18. The business’s 50-day moving average price is $24.09 and its 200 day moving average price is $25.28.

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