HIBS — Direxion Daily S&P 500 High Beta Bear 3X Shares
Direxion Daily S&P 500 High Beta Bear 3X Shares (ticker: HIBS) is a equity ETF issued by Rafferty Asset Management tracking S&P 500 High Beta Index (300%). It was launched on 2019-11-07.
About HIBS
The Direxion Daily S&P 500 High Beta Bear 3X Shares is an inverse equity ETF. It seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the S&P 500 High Beta Index. The fund holds 8 positions including cash equivalents and swap agreements. Investors might consider this fund for short-term tactical exposure to the inverse moved of high beta large-cap U.S. equities. The fund is designed for daily leverage and is not intended for long-term holding.
- Tracks the inverse performance of the S&P 500 High Beta Index, multiplied by 300%.
- Comprises 8 holdings, including cash and swap agreements.
- Expense ratio stands at 1.09%.
- AUM is $19M with an average daily volume of 117,345.2.
- Offers leveraged inverse exposure to U.S. large-cap high beta equities.
Returns (Total Return)
| Period | Return |
|---|---|
| 1 Day | 18.08% |
| 1 Week | 14.32% |
| 1 Month | -13.56% |
| 3 Months | -43.96% |
| 6 Months | -53.24% |
| YTD | -52.97% |
| 1 Year | -80.14% |
| 3 Years | -94.26% |
| 5 Years | -97.49% |
| 10 Years | — |
| Since Inception | — |
Top Holdings
| # | Security | Symbol | Weight |
|---|---|---|---|
| 1 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 84.54% |
| 2 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 84.54% |
| 3 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 84.54% |
| 4 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 84.54% |
| 5 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 83.58% |
| 6 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 83.58% |
| 7 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 83.58% |
| 8 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 83.58% |
| 9 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 83.58% |
| 10 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 83.58% |
Fund Profile
| Issuer | Rafferty Asset Management |
|---|---|
| Brand | Direxion |
| Asset Class | equity |
| Strategy | Technical |
| Structure | ETF |
| Category | Inverse Equities |
| Segment | Inverse Equity: U.S - Large Cap |
| Region | North America |
| Index Tracked | S&P 500 High Beta Index (300%) |
| Inception Date | 2019-11-07 |
| Tax on Distributions | Ordinary income |
Quick Facts
| Ticker | HIBS |
|---|---|
| Full Name | Direxion Daily S&P 500 High Beta Bear 3X Shares |
| Issuer | Rafferty Asset Management |
| Asset Class | equity |
| Expense Ratio | 0.01% |
| AUM | $15.92M |
| Inception | 2019-11-07 |
| Index Tracked | S&P 500 High Beta Index (300%) |
Frequently Asked Questions
What does HIBS track?
HIBS (Direxion Daily S&P 500 High Beta Bear 3X Shares) tracks S&P 500 High Beta Index (300%), a equity benchmark.
What is the expense ratio of HIBS?
HIBS has an expense ratio of 0.01% per year.
What is the AUM of HIBS?
HIBS has approximately $15.92M in assets under management.
Does HIBS pay a dividend?
HIBS distributes income according to its prospectus (Ordinary income tax treatment). Check the dividend history tab for ex-dividend dates and yield.
Who issues HIBS?
HIBS is issued by Rafferty Asset Management under the Direxion brand, launched on 2019-11-07.
Open the interactive HIBS dashboard for charts, historical fund flows, holdings breakdown and seasonality patterns.