Traynor Capital Management Inc. Makes New Investment in Direxion Daily S&P 500 High Beta Bull 3X Shares (NYSEARCA:HIBL)

Traynor Capital Management Inc. purchased a new stake in shares of Direxion Daily S&P 500 High Beta Bull 3X Shares (NYSEARCA:HIBL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,112 shares of the company’s stock, valued at approximately $231,000.

Separately, Virtu Financial LLC boosted its holdings in Direxion Daily S&P 500 High Beta Bull 3X Shares by 17.0% in the second quarter. Virtu Financial LLC now owns 40,686 shares of the company’s stock valued at $1,696,000 after acquiring an additional 5,922 shares during the last quarter.

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

Direxion Daily S&P 500 High Beta Bull 3X Shares stock opened at $46.56 on Wednesday. The firm has a market cap of $60.99 million, a price-to-earnings ratio of 25.16 and a beta of 4.50. Direxion Daily S&P 500 High Beta Bull 3X Shares has a 52-week low of $20.00 and a 52-week high of $50.56. The firm has a 50 day moving average price of $42.41 and a two-hundred day moving average price of $41.44.

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

The Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) is an exchange-traded fund that is based on the S&P 500 High Beta index. The fund provides 3x daily leveraged exposure to a beta-weighted index of 100 highest-beta stocks in the S&P 500. HIBL was launched on Nov 7, 2019 and is managed by Direxion.