What is the current price of Hibs stock?
Since then, HIBS shares have decreased by 99.1% and is now trading at $8.01. View which stocks have been most impacted by COVID-19. When did Direxion Daily S&P 500 High Beta Bear 3X Shares' stock split? How did Direxion Daily S&P 500 High Beta Bear 3X Shares' stock split work?
Is Hibs a buy and hold ETF?
HIBS gets the added exposure by using short-term financial instrument that are high quality. The index is reviewed and rebalanced quarterly. As a levered product, HIBS is not a buy-and-hold ETF, and should not be expected to provide returns greater than a one-day period.
How does Hibs work?
HIBS provides 3x daily inverse exposure to a beta-weighted index of 100 highest-beta stocks in the S&P 500. HIBS 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 its calculated beta.
How much inverse exposure does Hibs provide?
*Unless otherwise stated, data provided by FactSet. HIBS provides 3x daily inverse exposure to a beta-weighted index of 100 highest-beta stocks in the S&P 500.
How has Direxion Daily S&P 500 High Beta Bear 3X Shares' stock been impacted by COVID-19?
Direxion Daily S&P 500 High Beta Bear 3X Shares' stock was trading at $889.80 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, HIBS shares have decreased by 99.0% and is now trading at $9.33. View which stocks have been most impacted by COVID-19.
When did Direxion Daily S&P 500 High Beta Bear 3X Shares' stock split? How did Direxion Daily S&P 500 High Beta Bear 3X Shares' stock split work?
Shares of Direxion Daily S&P 500 High Beta Bear 3X Shares reverse split on the morning of Monday, January 11th 2021. The 1-20 reverse split was announced on Friday, December 4th 2020. The number of shares owned by shareholders was adjusted after the market closes on Friday, January 8th 2021.
What other stocks do shareholders of Direxion Daily S&P 500 High Beta Bear 3X Shares own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Direxion Daily S&P 500 High Beta Bear 3X Shares investors own include Direxion Daily Semiconductors Bear 3x Shares (SOXS), (CGC), Walt Disney (DIS), Micron Technology (MU), Wayfair (W), Slack Technologies (WORK), Zynga (ZNGA), (APHA), Cronos Group (CRON) and Direxion Daily Financial Bull 3X Shares (FAS)..
What is Direxion Daily S&P 500 High Beta Bear 3X Shares' stock symbol?
Direxion Daily S&P 500 High Beta Bear 3X Shares trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "HIBS."
Who are Direxion Daily S&P 500 High Beta Bear 3X Shares' major shareholders?
Direxion Daily S&P 500 High Beta Bear 3X Shares' stock is owned by many different retail and institutional investors. Top institutional shareholders include Goldman Sachs Group Inc. (1.06%), Roosevelt Investment Group LLC (0.33%) and Cutler Group LP (0.00%).
Which institutional investors are selling Direxion Daily S&P 500 High Beta Bear 3X Shares stock?
HIBS stock was sold by a variety of institutional investors in the last quarter, including Cutler Group LP.
Which institutional investors are buying Direxion Daily S&P 500 High Beta Bear 3X Shares stock?
HIBS stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., and Roosevelt Investment Group LLC.
Signals & Forecast
There are mixed signals in the fund today. A sell signal was issued from a pivot top point on Wednesday, February 23, 2022, and so far it has fallen -10.43%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss
Direxion Daily S&P 500 High Beta Bear 3X finds support from accumulated volume at $9.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Is Direxion Daily S&P 500 High Beta Bear 3X Shares fund A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Direxion Daily S&P 500 High Beta Bear 3X fund to perform well in the short-term.
Component Grades
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Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) ETF Bio
The Fund seeks daily investment results, before fees and expenses, of 300% of the inverse of the daily performance of the S&P 500 High Beta Index. The Fund invests in swap agreements, futures contracts, short positions or other financial instruments that provide inverse or short leveraged exposure to the Index.
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HIBS Stock Fund Chart
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Ideas
These are fairly low and that is a real deal when considering that we may be experiencing a spec bub. Possible inflation hedge along with GME
Overview
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.
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.
Target Index
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 to include in the Index 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.