HIBS
·ARCA
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Key Stats
Assets Under Management
25.98MUSD
Fund Flows (1Y)
31.33MUSD
Dividend Yield
13.66%
Discount/Premium to NAV
-0.16%
Shares Outstanding
5.03M
Expense Ratio
1.06%
About Direxion Daily S&P 500 High Beta Bear 3X Shares
Issuer
Rafferty Asset Management, LLC
Brand
Direxion
Inception Date
Nov 7, 2019
Structure
Open-Ended Fund
Index Tracked
S&P 500 High Beta Index
Management Style
Passive
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 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 its calculated beta. 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
Asset Class
Equity
Category
Size and Style
Focus
Large Cap
Niche
Broad-based
Strategy
Technical
Geography
U.S.
Weighting Scheme
Beta
Selection Criteria
Beta
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -26.58% | -24.77% | -73.63% | -73.58% | -93.32% | -98.71% |
NAV Total Return | -18.59% | -31.69% | -74.68% | -70.03% | -91.91% | -98.45% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
DREYFUS GOVT CASH MAN INS
64.43%
GOLDMAN FINL SQ TRSRY INST 506
50.46%
GOLDMAN SACHS FIN GOV 465 INSTITUT
8.12%
S&P 500 HIGH BETA INDEX SWAP
-36.17%
S&P 500 HIGH BETA INDEX SWAP-1
-49.46%
S&P 500 HIGH BETA INDEX SWAP-2
-52.18%
S&P 500 HIGH BETA INDEX SWAP-3
-67.60%
S&P 500 HIGH BETA INDEX SWAP-4
-94.60%
Top 10 Weight -177%
8 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-09-23 | 2025-09-23 | 2025-09-30 | 0.068 |
| 2025-06-24 | 2025-06-24 | 2025-07-01 | 0.076 |
| 2025-03-25 | 2025-03-25 | 2025-04-01 | 0.230 |
| 2024-12-23 | 2024-12-23 | 2024-12-31 | 0.146 |
| 2024-09-24 | 2024-09-24 | 2024-10-01 | 0.250 |
| 2024-06-25 | 2024-06-25 | 2024-07-02 | 0.319 |
| 2024-03-19 | 2024-03-20 | 2024-03-26 | 0.302 |
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Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
