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
Replication method
Synthetic
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
Cash
Stocks88.68%
Electronic Technology30.95%
Finance9.55%
Technology Services8.44%
Producer Manufacturing7.87%
Consumer Services7.00%
Transportation4.28%
Utilities3.48%
Health Technology2.66%
Non-Energy Minerals2.19%
Consumer Non-Durables2.12%
Consumer Durables2.08%
Energy Minerals1.57%
Process Industries1.55%
Retail Trade1.51%
Industrial Services1.41%
Commercial Services1.38%
Miscellaneous0.64%
Bonds, Cash & Other11.32%
Cash11.32%
Stock breakdown by region
North America97.06%
Europe2.94%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
HIBL invests in stocks. The fund's major sectors are Electronic Technology, with 30.95% stocks, and Finance, with 9.55% of the basket. The assets are mostly located in the North America region.
HIBL last dividends amounted to 0.08 USD. The quarter before, the issuer paid 0.07 USD in dividends, which shows a 12.49% increase.
HIBL assets under management is 55.24 M USD. It's risen 13.01% over the last month.
HIBL fund flows account for −3.22 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, HIBL pays dividends to its holders with the dividend yield of 0.77%. The last dividend (Apr 1, 2025) amounted to 0.08 USD. The dividends are paid quarterly.
HIBL 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.
HIBL expense ratio is 0.98% meaning you'd have to pay 0.98% of your investment to help manage the fund.
HIBL follows the S&P 500 High Beta Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
HIBL invests in stocks.
HIBL price has risen by 39.68% over the last month, and its yearly performance shows a −13.13% decrease. See more dynamics on HIBL price chart.
NAV returns, another gauge of an ETF dynamics, showed a 13.23% increase in three-month performance and has decreased by −12.74% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 13.23% increase in three-month performance and has decreased by −12.74% in a year.
HIBL trades at a premium (0.17%) meaning the ETF is trading at a higher price than the calculated NAV.