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

Virtu Financial LLC grew its stake in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS) by 150.0% in the first quarter, according to the company in its most recent filing with the SEC. 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 SEC filing.

Separately, Simplex Trading LLC bought a new position in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares in the fourth quarter valued at approximately $174,000.

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

Shares of NYSEARCA HIBS traded up $3.06 during mid-day trading on Friday, hitting $27.84. The company 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 1 year low of $20.02 and a 1 year high of $63.18. The stock’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.