EquityHIBS

Direxion Daily S&P 500 High Bet

Ticker

HIBS

Asset Class

Equity

Assets Under Management

20.14M

Issuer

Direxion Funds

Inception Date

07-11-2019

Dividend Yield

9.43%

About This Fund

The fund invests at least 80% of its net assets in financial instruments that, in combination, provide 3X daily inverse or short exposure to the index or to ETFs that track the index, consistent with the fund’s investment objective. High Beta securities are defined by the index provider as the 100 securities from the S&P 500 ® Index that have exhibited the highest sensitivity to market movements, or “beta,” over the past 12 months based on the securities’ daily price changes. It is non-divers...