Key stats
About Direxion Daily S&P 500 High Beta Bear 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
HIBS is passively-managed to select thetop100stocks from theS&P 500Indexwith the highest sensitivity to market movements (beta) over the past 12 months and weightseach ofthem based onits calculatedbeta. The fund is designed to deliver 3x inverse exposure to those 100 highest-beta stocks, aiming to provide -300% of the index's return for a one-day period. To achieve its goal, the fund holds swaps, futures, short positions or other financial instruments that, in combination, produce inverse exposure to the index. HIBS gets the added exposure by using short-term financial instrument that are high quality. The index is reviewed and rebalanced quarterly. As a levered product, HIBS is not a buy-and-hold ETF, and should not be expected to provide returns greater than a one-day period.
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
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
HIBS last dividends amounted to 0.23 USD. The quarter before, the issuer paid 0.15 USD in dividends, which shows a 36.35% increase.
HIBS assets under management is 24.97 M USD. It's fallen 25.80% over the last month.
HIBS fund flows account for 6.71 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, HIBS pays dividends to its holders with the dividend yield of 7.65%. The last dividend (Apr 1, 2025) amounted to 0.23 USD. The dividends are paid quarterly.
HIBS shares are issued by Rafferty Asset Management LLC under the brand Direxion. The ETF was launched on Nov 7, 2019, and its management style is Passive.
HIBS expense ratio is 1.09% meaning you'd have to pay 1.09% of your investment to help manage the fund.
HIBS follows the S&P 500 High Beta Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
HIBS invests in cash.
HIBS price has fallen by −47.87% over the last month, and its yearly performance shows a −44.94% decrease. See more dynamics on HIBS price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −49.54% over the last month, showed a −14.09% decrease in three-month performance and has decreased by −41.58% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −49.54% over the last month, showed a −14.09% decrease in three-month performance and has decreased by −41.58% in a year.
HIBS trades at a premium (0.21%) meaning the ETF is trading at a higher price than the calculated NAV.