High Beta Bear | HIBS | Long at $22.00 (September Only)Historically, September is one of the worst performing months in the stock market. A hedge against my bets for this month is to buy shares of Direxion Daily S&P 500 High Beta Bear 3X AMEX:HIBS as a volatility play. The index provider selects 100 securities from the S&P 500 Index that have exhibite
Key stats
About Direxion Daily S&P 500 High Beta Bear 3X Shares
Home page
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
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
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
HIBS - There be no bears here - only bullsThere be no bears here - only bulls!
TIP: Using a stochastic with settings of 5 for %K and 5 for %D you can get an idea when prices are bowing into the dance.
When bears become dominate, inverse ETFs become profitable.
Interest rates rise, tech get's kicked in the teeth.
HIBS:
Entry (Stop-Limit)
HIBS | Do I Smell a Pullback | Bear ETFThe 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 from the S&P 500
HIBS: SIGN ME UP
"the stock market rallies on stimulus hopes"
"markets make new all time highs on relief talks"
give me a break
Am I the only one getting tired of the media? and this nonstop bombardment of nothing but garbage ?
I just think it's funny how they don't tell us, politicians only have 7 days til
See all ideas
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.
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Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
HIBS trades at 11.96 USD today, its price has fallen −2.75% in the past 24 hours. Track more dynamics on HIBS price chart.
HIBS net asset value is 12.70 today — it's fallen 29.17% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
HIBS assets under management is 27.04 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
HIBS price has fallen by −25.24% over the last month, and its yearly performance shows a −52.27% decrease. See more dynamics on HIBS price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −29.17% over the last month, showed a −42.89% decrease in three-month performance and has decreased by −48.62% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −29.17% over the last month, showed a −42.89% decrease in three-month performance and has decreased by −48.62% in a year.
HIBS fund flows account for 8.58 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
HIBS invests in cash. See more details in our Analysis section.
HIBS expense ratio is 1.09%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
HIBS is an inverse fund, meaning it's structured to generate returns opposite to the trends of the underlying index or assets.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, HIBS technical analysis shows the strong sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating HIBS shows the sell signal. See more of HIBS technicals for a more comprehensive analysis.
Today, HIBS technical analysis shows the strong sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating HIBS shows the sell signal. See more of HIBS technicals for a more comprehensive analysis.
Yes, HIBS pays dividends to its holders with the dividend yield of 7.23%.
HIBS trades at a premium (0.05%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
HIBS shares are issued by Rafferty Asset Management LLC
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.
The fund started trading on Nov 7, 2019.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.