HIBS

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

$6.18

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) seeks to provide daily investment results that correspond to three times the inverse (-3x) of the daily performance of the S&P 500 High Beta Index.

Overview

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

Category Leveraged

Issuer Other

Inception Date 2019-11-07

Market Cap $28.9M

Average Volume N/A

Dividend Yield 8.41%

52-Week Range $5.41 - $37.01

VWAP $6.13

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

HIBS uses financial instruments, such as futures contracts and swap agreements, to provide the desired leveraged inverse exposure to the S&P 500 High Beta Index. The fund aims to achieve its objective on a daily basis, not over longer periods.

✨ Key Features

Provides 3x daily inverse exposure to the S&P 500 High Beta Index
Designed for short-term, speculative trading, not long-term investment
Utilizes derivatives to achieve its leveraged inverse performance target
Expense ratio of 0.00%

⚠️ Primary Risks

Significant daily volatility and potential for large losses
Leverage amplifies both gains and losses, increasing risk
Potential for divergence from the target index performance over time
Not suitable for buy-and-hold investors due to daily reset

👤 Best For

HIBS is intended for experienced, risk-tolerant traders who seek to speculate on or hedge against short-term declines in the high-beta segment of the S&P 500. It is not suitable for long-term investors or those with a low risk tolerance.