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Leveraged & Inverse ETFs

Direxion Daily S&P 500® High Beta Bull and Bear 3X Shares

The Daily S&P 500® High Beta Bull and Bear 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the S&P 500® High Beta Index. There is no guarantee the funds will achieve their stated investment objective.

HIBL

NAV (Net Asset Value)$42.20As of Feb 28, 2024
1 Day NAV change$-0.60(-1.39%)As of Feb 28, 2024

HIBS

NAV (Net Asset Value)$26.32As of Feb 28, 2024
1 Day NAV change$+0.37(+1.41%)As of Feb 28, 2024
HIBLDirexion Daily S&P 500® High Beta Bull 3X Shares
Daily Target
+300%
Intra-day Value
HIBL.IV
Daily NAV
$42.20
Daily Market Price
$42.28
Expense Ratio
(gross/net %)
1.00 / 0.99*
Daily Volume
43,735
Security Identifier
25460G856
Inception Date
Nov 07, 2019
HIBSDirexion Daily S&P 500® High Beta Bear 3X Shares
Daily Target
-300%
Intra-day Value
HIBS.IV
Daily NAV
$26.32
Daily Market Price
$26.26
Expense Ratio
(gross/net %)
1.10 / 1.07*
Daily Volume
131,262
Security Identifier
25460E224
Inception Date
Nov 07, 2019

Operational Updates

  • 08/04/2023
    Direxion Announces Reverse Split of HIBS
    Read the Article
  • 01/23/2024
    Direxion's New ETF Alert Service. Get Price and Volume Alerts automatically via text message!
    Set Up Your ETF Alerts Today

Documents & Downloads

  • HIBL HIBS Fact Sheet (pdf)
  • Direxion ETFs List (pdf)
  • HIBL Prospectus
  • HIBS Prospectus
  • Daily Fund Holdings (csv)

These leveraged ETFs seek a return that is 300% or -300% the return of its benchmark index for a single day. The funds should not be expected to provide three times or negative three times the return of the benchmark’s cumulative return for periods greater than a day.

Pricing & Performance

NAV and Market Price information as of 02/28/2024.

HIBL Direxion Daily S&P 500® High Beta Bull 3X Shares
Net Asset Value (NAV)
$42.20Nav
$-0.60Change
-1.39%Change
Market Price Closing
$42.28Market
$-0.56Change
-1.31%Change
Premium / Discount
$+0.08Change from Last Day Trading
Premium/Discount tool
HIBS Direxion Daily S&P 500® High Beta Bear 3X Shares
Net Asset Value (NAV)
$26.32Nav
$+0.37Change
+1.41%Change
Market Price Closing
$26.26Market
$+0.33Change
+1.27%Change
Premium / Discount
$-0.06Change from Last Day Trading
Premium/Discount tool
Loading chart...
1M3MYTD1Y3Y5Y10YSince
Inception
Expense Ratio*
(Gross / Net%)
Inception
Date
HIBL NAV
-9.09
84.57
-9.09
8.16
7.71
2.41
1.00 / 0.99*
11/07/2019
HIBL Market Close
-8.91
85.01
-8.91
8.23
7.64
2.42
1.00 / 0.99*
11/07/2019
HIBS NAV
7.56
-50.88
7.56
-35.91
-54.48
-70.00
1.10 / 1.07*
11/07/2019
HIBS Market Close
7.71
-50.83
7.71
-36.05
-54.52
-70.00
1.10 / 1.07*
11/07/2019

As of January 31, 2024

The Primary Listing Exchange is the NYSE Arca, Inc.

*The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.95%. The Funds’ adviser, Rafferty Asset Management, LLC (“Rafferty”), has entered into an Operating Expense Limitation Agreement with each Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse the Funds for Other Expenses through September 1, 2024, to the extent that a Fund’s Total Annual Fund Operating Expenses exceed 0.95% of the Fund’s average daily net assets (excluding, as applicable, among other expenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses). If these expenses were included, the expense ratio would be higher.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized. For the most recent month-end performance please visit the funds’ website at direxion.com.

Short-term performance, in particular, is not a good indication of a fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus.

Index Information

The S&P 500® High Beta Index (SP5HBIT) is provided by S&P Dow Jones Indices (the “Index Provider”). The Index Provider selects 100 securities from the S&P 500® Index that have the highest sensitivity to market movements, or “beta” over the past 12 months as determined by the Index Provider based on the securities’ daily price changes. Securities with the highest beta are generally the most volatile securities of the S&P 500® Index. The Index is reviewed and rebalanced quarterly. One cannot invest directly in an index.

Index Top Ten Holdings

% of Total
Carnival
1.65%
Generac Holdings
1.41%
Monolithic Power Systems
1.40%
Enphase Energy
1.39%
Advanced Micro Devices
1.38%
Align Technology
1.37%
Norwegian Cruise Line Holdings Ltd - Consolidated Issue Listed
1.32%
Blackstone Group Class A
1.32%
ON Semiconductor
1.30%
Zions
1.27%

Index Sector Weightings

% of Total
Information Technology
34.83%
Consumer Discretionary
20.69%
Financials
18.77%
Industrials
8.96%
Communication Services
6.09%
Health Care
4.30%
Materials
3.81%
Real Estate
1.63%
Consumer Staples
0.91%
Index data as of 12/31/2023. Index sector weightings and top holdings are subject to change.

View Daily Fund Holdings

Distributions

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

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
12/22/202312/21/202312/29/20230.11402
09/20/202309/19/202309/26/20230.07304
06/22/202306/21/202306/28/20230.06533
03/22/202303/21/202303/28/20230.04097
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.11402
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/20/2023
Ex Date09/19/2023
Pay Date09/26/2023
Income Dividend0.07304
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/22/2023
Ex Date06/21/2023
Pay Date06/28/2023
Income Dividend0.06533
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/22/2023
Ex Date03/21/2023
Pay Date03/28/2023
Income Dividend0.04097
Short-Term Capital Gain
Long-Term Capital Gain

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

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
12/22/202312/21/202312/29/20230.33321
09/20/202309/19/202309/26/20230.41612
06/22/202306/21/202306/28/20230.03659
03/22/202303/21/202303/28/20230.06460
12/21/202212/20/202212/28/20220.00273
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.33321
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/20/2023
Ex Date09/19/2023
Pay Date09/26/2023
Income Dividend0.41612
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/22/2023
Ex Date06/21/2023
Pay Date06/28/2023
Income Dividend0.03659
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/22/2023
Ex Date03/21/2023
Pay Date03/28/2023
Income Dividend0.06460
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/21/2022
Ex Date12/20/2022
Pay Date12/28/2022
Income Dividend0.00273
Short-Term Capital Gain
Long-Term Capital Gain

Strategy & Benefits

You know that TRADING is different than investing. But the opportunity to take advantage of short-term trends is only won, if you get the direction right.

Whether you’re a bull or a bear, Direxion is with you. Our leveraged ETFs are powerful tools built to help you:

  • Magnify your short-term perspective with daily 3X leverage
  • Go where there’s opportunity, with bull and bear funds for both sides of the trade; and
  • Stay agile – with liquidity to trade through rapidly changing markets

Leveraged and inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments.

Documents

Tax Documents

Download the following Tax Reporting Documents

How to Buy

ETFs are generally available for purchase on exchanges, much like stocks—and can be bought and sold throughout the trading day whenever exchanges are open. Direxion ETFs cannot be purchased directly from Direxion, but are available for trading on most trading platforms.

We strongly recommend that you take the time to educate yourself on how leveraged and inverse ETFs function and behave in various market conditions before you endeavor to trade them in your account. It’s always a good idea to consult a financial advisor or brokerage account representative if you have questions about any ETFs.

Please note, your advisor or broker may charge commissions or other transaction fees.If you have any questions specific to Direxion products, please contact us direct at [email protected] or 866-476-7523.

Operational Updates

Documents & Downloads

How to Buy

While you can't purchase our funds from our website, investors still have multiple options for buying Direxion ETFs
Learn more about buying Direxion ETFs

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