Direxion Daily S&P 500 High Beta Bear 3X ETF (HIBS)
Direxion Daily S&P 500 High Beta Bear 3X ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $18.27, down 4.99% on the session, giving a market capitalisation of $19.0M. Its beta of -3.90 implies it has historically moved less than the broad market.
These Direxion Daily S&P 500 High Beta Bull and Bear 3X ETFs aim to deliver daily investment outcomes, prior to fees and expenses, that correspond to three times (300%) the performance, or three times the inverse (opposite) performance, of the S&P 500 High Beta Index. It is important to note that there is no guarantee these funds will successfully achieve their specified investment objective.
Direxion Daily S&P 500 High Beta Bear 3X ETF is most often compared with the following Financial Services names: