The Direxion Daily S&P 500 High Beta Bear 3X Shares (Ticker: HIBS) is an exchange-traded fund (ETF) meticulously designed for investors seeking to capitalize on short-term, tactical opportunities within the large-cap segment of the stock market. Positioned in the Size and Style category with a focus on Large Cap investments, HIBS caters to those who are strategically inclined to engage with broad-based market movements, particularly in periods of volatility.
At the core of HIBS is its unique objective to deliver three times the inverse daily performance of the S&P 500 High Beta Index. This makes it an ideal instrument for seasoned investors aiming to leverage downturns in high-beta stocks—those that exhibit greater volatility compared to the broader market. By offering a leveraged inverse position, HIBS provides an efficient vehicle for hedging, speculative strategies, or portfolio diversification.
The fund's niche appeal lies in its ability to provide amplified exposure to market declines, making it particularly attractive during bearish market conditions. Investors should note that HIBS is designed for short-term use due to the daily reset of its leverage factor, making it less suited for long-term holding strategies. Thus, the fund is best utilized by those with a sophisticated understanding of market dynamics and a clear risk management strategy. In essence, HIBS stands out as a powerful tool in the investor's toolkit, offering the potential for significant gains in a declining large-cap market environment.
Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) Fund Flow Chart
Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) 1 year Net Flows: -10M
HIBS ETF FAQ
What was HIBS’s price range in the past 12 months?
HIBS lowest ETF price was 14.71 and its highest was 32.18 in the past 12 months.
What is the AUM of HIBS?
As of Feb 21, 2025 The AUM of HIBS is 23.12M.
Is HIBS overvalued?
Not enough analysts have published a price target to calculate whether the price is overvalued.
Does HIBS pay dividends?
HIBS pays a Quarterly dividend of 0.146 which represents an annual dividend yield of 6.47%. See more information on HIBS dividends here
How many shares outstanding does HIBS have?
HIBS has 1,175,454 shares outstanding.
Which hedge fund is a major shareholder of HIBS?
Currently, no hedge funds are holding shares in HIBS