Daily S&P 500 High Beta Bear 3X Shares (HIBS)
| Assets | $23.49M |
| NAV | $9.36 |
| Expense Ratio | 1.08% |
| PE Ratio | n/a |
| Shares Out | 2.51M |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Ex-Dividend Date | Mar 24, 2020 |
| 1-Year Return | - |
| Volume | 117,270 |
| Open | 9.47 |
| Previous Close | 9.41 |
| Day's Range | 9.30 - 9.55 |
| 52-Week Low | 9.30 |
| 52-Week High | 113.40 |
| Beta | -3.25 |
| Holdings | 0 |
| Inception Date | Nov 7, 2019 |
About HIBS
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the S&P 500® High Beta Index. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets. The index provider selects 100 securities to include in the index from the S&P 500® Index that have the highest sensitivity to market movements, or beta over the past 12 months as determined by the index provider. It is non-diversified.
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 24, 2020 | $0.307 | Mar 31, 2020 |
| Dec 23, 2019 | $0.5296 | Dec 31, 2019 |
News
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Last Tuesday, the Federal Reserve made an emergency rate cut, which quickly tanked markets after a brief pop higher.
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Jim Cramer: Now Is the Time to Buy Some Stocks
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Risk-on or Risk-off?
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Highlights on High Beta
Direxion recently launched the Direxion Daily S&P 500® High Beta Bull and Bear 3X Shares – HIBL and HIBS.