Key stats
About Direxion Daily S&P 500 High Beta Bull 3X Shares
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Inception date
Nov 7, 2019
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Technology Services
Mutual fund
Cash
Stocks60.05%
Electronic Technology20.84%
Technology Services11.85%
Producer Manufacturing7.67%
Finance6.46%
Consumer Services3.02%
Utilities1.91%
Consumer Non-Durables1.46%
Health Technology1.11%
Retail Trade1.10%
Transportation0.92%
Consumer Durables0.89%
Industrial Services0.79%
Process Industries0.59%
Miscellaneous0.53%
Non-Energy Minerals0.48%
Commercial Services0.44%
Bonds, Cash & Other39.95%
Mutual fund25.65%
Cash14.29%
Stock breakdown by region
North America96.02%
Europe3.98%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history