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

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

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Key stats


Assets under management (AUM)
‪37.60 M‬USD
Fund flows (1Y)
‪−72.25 M‬USD
Dividend yield (indicated)
1.11%
Discount/Premium to NAV
3.5%

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


Issuer
Rafferty Asset Management LLC
Brand
Direxion
Expense ratio
0.99%
Home page
Inception date
Nov 7, 2019
Index tracked
S&P 500 High Beta Index
Management style
Passive
HIBL is passively managed to select the top 100 stocks from the S&P-500 Index with the highest sensitivity to market movements (beta) over the past 12 months and weights each of them based on calculated beta. As a levered product, HIBL is not a buy-and-hold ETF, it's a short-term tactical instrument for getting 3x daily leveraged exposures to those 100 highest-beta stocks, making it suitable for investors who actively monitor their portfolios and understands leverage risks. HIBL gets the added exposure by using high quality short-term financial instruments, as well as ETFs and derivatives with characteristics similar to those of the Index and which produces same leveraged investment results. The Index is reviewed and rebalanced quarterly.

Classification


Asset Class
Equity
Category
Size and style
Focus
Large cap
Niche
Broad-based
Strategy
Technical
Weighting scheme
Beta
Selection criteria
Beta
What's in the fund
Exposure type
StocksBonds, Cash & Other
Electronic Technology
Technology Services
Cash
Stock breakdown by region
100%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.