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

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 Bear 3X ETF trades on the ARCA stock market under the symbol HIBS.

As of April 22, 2024, HIBS stock price declined to $27.95 with 303,641 million shares trading.

HIBS has a beta of -4.72, meaning it tends to be less sensitive to market movements. HIBS has a correlation of 0.78 to the broad based SPY ETF.

HIBS has a market cap of $42.64 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, HIBS stock traded as high as $166.20 and as low as $21.75.

HIBS has underperformed the market in the last year with a return of -44.1%, while the SPY ETF gained +22.3%. In the last 3 month period, HIBS fell short of the market, returning -2.6%, while SPY returned +3.9%. However, in the most recent 2 weeks HIBS has outperformed the stock market by returning +16.3%, while SPY returned -3.6%.

HIBS support price is $27.89 and resistance is $30.15 (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 HIBS stock will trade within this expected range on the day.