(HIBL) Direxion Daily SP500 High - Overview
ETF Category: Trading--Leveraged Equity | Exchange: NYSE ARCA (USA) | Market Cap: 93m USD | Total Return: 273.6% in 12m
Avg Turnover: 5.63M
Warnings
Extended 1w Choppy
Tailwinds
Rs Leader, Idiosyncratic Leader, Tailwind
The Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) is a leveraged exchange-traded fund designed to provide 300% of the daily performance of the S&P 500 High Beta Index. The fund allocates at least 80% of its assets into financial instruments, including swap agreements and index securities, to achieve its magnification objective. High beta indices specifically select stocks with the highest sensitivity to market movements relative to the broader S&P 500.
The funds business model relies on derivatives to maintain daily leverage, which makes it subject to compounding effects and volatility decay over periods longer than a single trading session. Because the underlying index focuses on high-sensitivity equities, this ETF typically experiences greater price swings than standard market-cap-weighted funds during periods of market stress or recovery. You can evaluate the specific risk metrics of these holdings further on ValueRay.
- Heightened volatility in high beta S&P 500 stocks drives leveraged price appreciation
- Federal Reserve interest rate pivots impact cost of capital for growth-oriented components
- Compounding effects and daily rebalancing cause significant long-term tracking error relative to index
- Broad market risk appetite shifts influence demand for high-sensitivity equity exposure
- Short-term borrowing costs for swap agreements fluctuate based on prevailing overnight rates
As of May 29, 2026, the stock is trading at USD 119.19 with a total of 37,156 shares traded.
Over the past week, the price has changed by +23.47%,
over one month by +39.32%,
over three months by +62.38% and
over the past year by +273.57%.
Direxion Daily SP500 High has no consensus analysts rating.