(HIBL) Direxion Daily SP500 High - Ratings and Ratios

The Direxion Daily S&P 500® High Beta Bull 3X Shares (HIBL) is a leveraged exchange-traded fund (ETF) designed to provide 3X daily returns of the S&P 500® High Beta Index. The fund typically allocates at least 80% of its net assets to financial instruments that replicate the indexs performance, amplified threefold. This includes derivatives such as futures contracts and swaps. The index itself is composed of 100 securities selected from the S&P 500® Index, chosen for their high sensitivity to market movements, measured by beta over the past year. The fund is classified as non-diversified, meaning it can concentrate its holdings in a smaller number of securities, which may increase volatility.

HIBL is part of the leveraged equity category, targeting traders and investors seeking amplified exposure to high-beta stocks within the S&P 500®. The fund resets its leverage daily, meaning returns are calculated and rebalanced every trading day. This daily reset can lead to compounding effects, where returns over multiple days may not perfectly align with the target multiple of the underlying indexs performance. Additionally, the funds high leverage makes it more suitable for short-term trading strategies rather than long-term investment.

Based on the provided data, HIBLs 3-month forecast suggests heightened volatility, with price movements likely confined between $28 and $35. The funds SMA 20 and SMA 50 indicate a downward trend, with the 20-day moving average falling below the 50-day average. The ATR of 2.84 signals moderate volatility, while the SMA 200 suggests resistance near $43.18. With AUM of $32.46M, liquidity is relatively low, which could amplify price swings. Traders should expect continued sensitivity to broader market movements, with the funds 3X leverage amplifying both gains and losses in line with the S&P 500® High Beta Index.