Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS)Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
19.56 USD
+1.25
(6.827%)
⇧
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 19.56 |
Hot Take ↕ | Aug. 22, 2026, 2:23 a.m. EDT
This is a catastrophic failure of a leveraged bear product, not a standard investment opportunity. The underlying index has suffered five consecutive years of massive declines, dragging this 3x inverse ETF down nearly 99.5% over the last half-decade. The recent price action confirms a brutal downtrend, trading far below its 200-day average. While the headline 7.7% dividend yield looks attractive, it is a dangerous illusion; the payout is barely covering the capital destruction occurring daily, and the dividend amounts have been slashed drastically from previous years, signaling severe distress. Options data screams 'crash,' with heavy put buying at strikes far below the current price, suggesting traders expect the slide to continue. Avoid this security entirely; the math of compounding losses in a leveraged bear fund during a bull market (or even a flat one) is insurmountable, and the recent trajectory proves the business model here is broken. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.119004 |
| AutoARIMA | 0.119009 |
| MSTL | 0.146481 |
| AutoTheta | 0.271609 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 38% |
| H-stat | 0.24 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.140 |
| Excess Kurtosis | -0.01 |
As of Aug. 22, 2026, 2:23 a.m. EDT: Speculators are overwhelmingly positioned for further declines. Call activity is negligible, while put volume and open interest are concentrated significantly out-of-the-money (OTM) across multiple expirations, indicating bets on a crash to levels well below current prices. The implied volatility structure shows elevated premiums for downside protection compared to upside speculation.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.78% | 3.86% | 4.18% | 2.94% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-23 | 0.150 | 0.775595 |
| 2026-03-24 | 0.422 | 0.924830 |
| 2025-12-23 | 0.510 | 1.082803 |
| 2025-09-23 | 0.680 | 1.072555 |
| 2025-06-24 | 0.760 | 0.751731 |
| 2025-03-25 | 2.300 | 1.124694 |
| 2024-12-23 | 1.460 | 0.822072 |
| 2024-09-24 | 2.500 | 1.283368 |
| 2024-06-25 | 3.190 | 1.288889 |
| 2024-03-19 | 3.020 | 1.196040 |
| 2023-12-21 | 3.330 | 1.222916 |
| 2023-09-19 | 4.160 | 0.987186 |
| 2023-06-21 | 3.700 | 0.920398 |
| 2023-03-21 | 6.500 | 1.208178 |
| 2022-12-20 | 0.300 | 0.039012 |
| 2020-03-24 | 30.000 | 0.030457 |
| 2019-12-23 | 52.000 | 0.132134 |
| Attribute | Value |
|---|---|
| All Time High | 143,740.0 |
| All Time Low | 17.12 |
| Ask | 20.48 |
| Ask Size | 1,000 |
| Average Daily Volume10 Day | 170,540 |
| Average Daily Volume3 Month | 216,431 |
| Average Volume | 216,431 |
| Average Volume10Days | 170,540 |
| Beta3 Year | -4.2 |
| Bid | 19.57 |
| Bid Size | 600 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 19.56 |
| Day Low | 18.485 |
| Dividend Yield | 7.69 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 19.932 |
| Fifty Day Average Change | -0.37199974 |
| Fifty Day Average Change Percent | -0.018663444 |
| Fifty Two Week Change Percent | -74.826256 |
| Fifty Two Week High | 80.7 |
| Fifty Two Week High Change | -61.14 |
| Fifty Two Week High Change Percent | -0.7576208 |
| Fifty Two Week Low | 17.12 |
| Fifty Two Week Low Change | 2.4399986 |
| Fifty Two Week Low Change Percent | 0.14252327 |
| Fifty Two Week Range | 17.12 - 80.7 |
| First Trade Date Milliseconds | 1,573,137,000,000 |
| Five Year Average Return | -0.5444567 |
| Full Exchange Name | NYSEArca |
| Fullday Change | 1.25 |
| Fullday Change Percent | 6.826871 |
| Fullday Price | 19.56 |
| Fund Family | Direxion Funds |
| Fund Inception Date | 1,573,084,800 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | 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-diversified. |
| Long Name | Direxion Daily S&P 500 High Beta Bear 3X Shares |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_637399500 |
| Nav Price | 18.21 |
| Net Assets | 23,736,890.0 |
| Net Expense Ratio | 1.06 |
| Open | 18.28 |
| Phone | 866-476-7523 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 19.56 |
| Post Market Time | 1,787,961,587 |
| Previous Close | 18.31 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 1.25 |
| Regular Market Change Percent | 6.82687 |
| Regular Market Day High | 19.56 |
| Regular Market Day Low | 18.485 |
| Regular Market Day Range | 18.485 - 19.56 |
| Regular Market Open | 18.28 |
| Regular Market Previous Close | 18.31 |
| Regular Market Price | 19.56 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 186,598 |
| Short Name | Direxion Daily S&P 500 High Bet |
| Source Interval | 15 |
| Symbol | HIBS |
| Three Year Average Return | -0.6325424 |
| Total Assets | 23,736,890 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -22.81786 |
| Trailing Three Month Returns | -22.81786 |
| Triggerable | 1 |
| Two Hundred Day Average | 35.837986 |
| Two Hundred Day Average Change | -16.277987 |
| Two Hundred Day Average Change Percent | -0.45421043 |
| Type Disp | ETF |
| Volume | 186,598 |
| Yield | 0.0769 |
| Ytd Return | -53.86409 |