Choreo LLC Trims Stake in Direxion Daily S&P 500 High Beta Bear 3X Shares $HIBS

Choreo LLC reduced its position in shares of Direxion Daily S&P 500 High Beta Bear 3X Shares (NYSEARCA:HIBS) by 95.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,807 shares of the company’s stock after selling 348,733 shares during the quarter. Choreo LLC owned about 0.36% of Direxion Daily S&P 500 High Beta Bear 3X Shares worth $80,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of HIBS. Tower Research Capital LLC TRC purchased a new position in Direxion Daily S&P 500 High Beta Bear 3X Shares during the 2nd quarter worth $219,000. Group One Trading LLC purchased a new position in Direxion Daily S&P 500 High Beta Bear 3X Shares during the 3rd quarter worth $28,000. Finally, Prosperity Wealth Management Inc. increased its holdings in Direxion Daily S&P 500 High Beta Bear 3X Shares by 213.9% during the 3rd quarter. Prosperity Wealth Management Inc. now owns 249,733 shares of the company’s stock worth $1,621,000 after purchasing an additional 170,165 shares during the period.

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

HIBS opened at $30.49 on Thursday. The stock’s fifty day moving average is $42.79 and its two-hundred day moving average is $48.97. Direxion Daily S&P 500 High Beta Bear 3X Shares has a 52 week low of $30.10 and a 52 week high of $222.70.

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

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.