Direxion Daily S&P 500 High Beta Bull 3X ETF
HIBL
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York City NY United States of America 10019
- IPO Date
- Nov 7, 2019
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 300% of the performance of the S&P 500 High Beta Index for a single trading day. The underlying index comprises the 100 securities from the S&P 500 Index exhibiting the highest sensitivity to market movements, or beta, over the past 12 months, weighted by their calculated beta values and rebalanced quarterly; the fund achieves its leveraged exposure through derivatives such as swaps, futures, and other financial instruments, alongside direct investments in high-beta equities across sectors including information technology, industrials, and consumer discretionary. Launched on November 7, 2019, and domiciled in the United States, HIBL operates within the leveraged equity ETF segment targeting sophisticated traders and institutional investors seeking amplified short-term tactical exposure to volatile large-cap stocks, with principal trading on the NYSE Arca exchange. HIBL forms part of the broader Direxion Shares ETF Trust portfolio managed by Rafferty Asset Management, LLC, which specializes in leveraged and inverse ETFs; Direxion, founded in 1997 with headquarters in New York and additional offices in Boston and Hong Kong, oversees approximately $50.6 billion in assets under management as of June 30, 2025, focusing on non-traditional products for decisive investors across U.S. equity, fixed income, and alternative strategies. Recent developments for Direxion, the issuer of HIBL, include the appointment of Mo Sparks as Chief Product Officer in April 2025 to drive product innovation; the launch of four new daily leveraged and inverse single-stock ETFs targeting Boeing and Exxon Mobil in April 2025; the introduction of the Direxion Titans Leveraged & Inverse ETFs suite in October 2025, providing precise exposure to the top five companies in key U.S. sectors; and a strategic partnership with SS&C ALPS Distributors announced in September 2024 to enhance medallion distribution services, FINRA compliance, and access to registered fund services for Direxion's ETF and mutual fund lineup.