About Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS)

Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) is an exchange-traded fund (ETF) that seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the S&P 500 High Beta Index. The fund seeks to achieve its investment objective by investing in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. It is important to note that the fund's performance is expected to be negative when the S&P 500 High Beta Index performs positively.

HIBS is designed for investors who believe that the S&P 500 High Beta Index will decline on a daily basis. By providing 3 times the daily inverse exposure to the index, the fund allows investors to potentially magnify their gains when the index declines. However, it is important for investors to understand that HIBS is intended for short-term trading and may not be suitable for long-term investors.