Direxion Daily S&P 500 High Beta Bull 3x SharesIf the market trades higher after the FED meeting today, then this ETF can offer a very nice price investing in the SP500 on a leveraged position .
If the SP500 moves higher, Crypto may also.
Key stats
About Direxion Daily S&P 500 High Beta Bull 3X Shares
Expense ratio
0.99%
Home page
Inception date
Nov 7, 2019
HIBL is passively managed to select the top 100 stocks from the S&P-500 Index with the highest sensitivity to market movements (beta) over the past 12 months and weights each of them based on calculated beta. As a levered product, HIBL is not a buy-and-hold ETF, it's a short-term tactical instrument for getting 3x daily leveraged exposures to those 100 highest-beta stocks, making it suitable for investors who actively monitor their portfolios and understands leverage risks. HIBL gets the added exposure by using high quality short-term financial instruments, as well as ETFs and derivatives with characteristics similar to those of the Index and which produces same leveraged investment results. The Index is reviewed and rebalanced quarterly.
Classification
What's in the fund
Exposure type
Finance
Electronic Technology
Technology Services
Cash
Stock breakdown by region
HIBL BullishLooks like a new upward channel being established, broke out and retested the trend line, will look to go long today and follow the trend. Not investment advice, just posting my trade ideas.
$HIBL MONEY MAKING MACHINI COULDN'T WAIT ANY LONGER TO BUY THIS, NOT THE IDEAL ENTRY BUT LONG TERM THIS SHOULD BE OK
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