HIBS Direxion Daily S&P 500 High Beta Bear 3X ETF

Seeks daily investment results, before fees and expenses, equal to 3x times the inverse performance of the S&P 500 High Beta Index.The Index consists of the 100 stocks from the S&P 500 Index with the highest sensitivity to market movements, or beta, over the past 12 months. Beta is a measure of how closely correlated a stocks returns are to that of the market, which for the Index includes all of the stocks included in the S&P 500 Index.

$4.87  -0.24 (-4.70%)
As of 01/26/2023 16:00:00 EST     IEX book   CBOE book

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ETF Information

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Sponsor:     Direxion Funds
Category1:  US Equity
Category2:  Broad market
Category3:  Large cap
Morningstar category:  
Leverage factor:  -3.00
Inception date:  11/27/2019
Index tracking method: Passive replication
Current yield:  0.06%
Historical average yield:  0.25%
Market cap:  $63,538,413
Average volume:  2,211,249
Fees:     1.0700%

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Index Information

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S&P 500 High Beta Index
Index symbol:  SP500HBETA
Provider:   S&P Dow Jones
Index weighting:   Volatility
Index inception date:  04/04/2011
Backtesting data exists:   Yes
Number of holdings:  100
Strategy:  Other strategies