Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS)
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Learn moreETF Summary
The fund invests at least 80% of its net assets in financial instruments that, in combination, provide 3X daily inverse or short exposure to the index or to ETFs that track the index, consistent with the fund’s investment objective. High Beta securities are defined by the index provider as the 100 securities from the S&P 500 ® Index that have exhibited the highest sensitivity to market movements, or “beta,” over the past 12 months based on the securities’ daily price changes. It is non-diversified.
ETF Overview
| Category | Trading--Inverse Equity |
|---|---|
| Fund Family | Direxion Funds |
| Net Assets | 21.27M |
| YTD Daily Total Return | -61.72% |
| Yield | 7.56% |
| Legal Type | Exchange Traded Fund |
ETF Operations
| Attributes | HIBS | Category Average |
|---|---|---|
|
Annual Report Expense Ratio (net)
|
1.06% | 0.00% |
|
Holdings Turnover
|
0.00% | -- |
|
Total Net Assets
|
0.00 | 0.00 |
Morningstar Style Box
Morningstar Style Box Information Not Available
