Symbols

HIBL

Direxion Daily S&P 500 High Beta Bull 3X Shares·NYSE

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Key Stats

Assets Under Management

66.38MUSD

Fund Flows (1Y)

-18.43MUSD

Dividend Yield

2.35%

Discount/Premium to NAV

0.12%

Shares Outstanding

964.37K

Expense Ratio

0.98%

About Direxion Daily S&P 500 High Beta Bull 3X Shares

Issuer

Rafferty Asset Management, LLC

Brand

Direxion

Home Page

http://www.direxion.com/products/daily-sp-500-high-beta-bull-bear-3x-etfs

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

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.