Choreo LLC Makes New $2.37 Million Investment in Direxion Daily S&P 500 High Beta Bear 3X Shares $HIBS

Choreo LLC bought a new position in Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 364,540 shares of the company’s stock, valued at approximately $2,366,000. Choreo LLC owned 6.78% of Direxion Daily S&P 500 High Beta Bear 3X Shares at the end of the most recent reporting period.

Separately, Tower Research Capital LLC TRC purchased a new stake in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares in the 2nd quarter valued at approximately $219,000.

Direxion Daily S&P 500 High Beta Bear 3X Shares Stock Up 4.3%

Direxion Daily S&P 500 High Beta Bear 3X Shares stock opened at $4.17 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 $4.40 and a 200 day moving average price of $5.65.

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

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.