HIBL

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

$57.97

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) seeks to provide 3x the daily return of the S&P 500 High Beta Index, which tracks the performance of the 100 constituents of the S&P 500 with the highest sensitivity to market movements.

Overview

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

Category Leveraged

Issuer Other

Inception Date 2019-11-07

Market Cap $55.9M

Average Volume N/A

Dividend Yield 0.31%

52-Week Range $15.87 - $67.61

VWAP $57.22

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

HIBL uses financial derivatives and leveraged investment techniques to amplify the daily returns of the underlying index. The fund rebalances daily to maintain its 3x leverage exposure.

✨ Key Features

Provides 3x the daily performance of the S&P 500 High Beta Index
Utilizes derivatives and leverage to magnify index returns
Rebalances daily to maintain target leverage exposure
Designed for short-term, speculative trading, not long-term buy-and-hold

⚠️ Primary Risks

Significant daily volatility and risk of losses due to leverage
Potential for divergence from long-term index performance
Counterparty risk associated with derivative instruments
Not suitable for investors with long-term investment horizons

👤 Best For

HIBL is best suited for experienced, risk-tolerant traders seeking to make short-term, speculative bets on increased volatility in the S&P 500. It is not recommended for long-term, buy-and-hold investors due to the compounding effects of daily rebalancing.