Prosperity Wealth Management Inc. Boosts Stake in Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS)

Prosperity Wealth Management Inc. lifted its holdings in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS) by 24.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 28,033 shares of the company’s stock after acquiring an additional 5,546 shares during the quarter. Prosperity Wealth Management Inc.’s holdings in Direxion Daily S&P 500 High Beta Bear 3X Shares were worth $760,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Group One Trading L.P. acquired a new stake in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares during the third quarter valued at about $44,000. Tower Research Capital LLC TRC boosted its position in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares by 457.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 13,222 shares of the company’s stock worth $614,000 after purchasing an additional 10,851 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in Direxion Daily S&P 500 High Beta Bear 3X Shares in the 4th quarter valued at approximately $771,000. Jane Street Group LLC purchased a new stake in Direxion Daily S&P 500 High Beta Bear 3X Shares in the third quarter valued at approximately $751,000. Finally, Susquehanna International Group LLP lifted its stake in Direxion Daily S&P 500 High Beta Bear 3X Shares by 74.8% during the first quarter. Susquehanna International Group LLP now owns 150,306 shares of the company’s stock worth $740,000 after purchasing an additional 64,336 shares in the last quarter.

Direxion Daily S&P 500 High Beta Bear 3X Shares Trading Up 2.3 %

Shares of HIBS traded up $0.63 during midday trading on Wednesday, hitting $28.20. 78,934 shares of the stock were exchanged, compared to its average volume of 352,129. Direxion Daily S&P 500 High Beta Bear 3X Shares has a 52-week low of $21.75 and a 52-week high of $63.18. The stock has a fifty day simple moving average of $24.97 and a 200 day simple moving average of $34.14.

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.