HIBL Stock Summary and Trading Ideas (Direxion Daily S&P 500 High Beta Bull 3X ETF | ARCA:HIBL)

The Daily S&P 500 High Beta Bull and Bear 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the S&P 500 High Beta 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. Securities with the highest beta are generally the most volatile securities of the S&P 500 Index.

Direxion Daily S&P 500 High Beta Bull 3X ETF trades on the ARCA stock market under the symbol HIBL.

As of April 17, 2024, HIBL stock price declined to $37.59 with 83,156 million shares trading.

HIBL has a beta of 4.78, meaning it tends to be more sensitive to market movements. HIBL has a correlation of 0.79 to the broad based SPY ETF.

HIBL has a market cap of $49.41 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, HIBL stock traded as high as $89.30 and as low as $17.34.

HIBL has outperformed the market in the last year with a return of +33.0%, while the SPY ETF gained +22.5%. However, in the most recent history, HIBL shares have underperformed the stock market with its stock returning +5.0% in the last 3 month period and -18.4% for the last 2 week period, while SPY has returned +6.3% and -3.6%, respectively.

HIBL support price is $36.68 and resistance is $39.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HIBL stock will trade within this expected range on the day.