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$Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS.US)$ ...

$Direxion Daily S&P 500 High Beta Bear 3X Shares(HIBS.US)$ anyone have any idea what does this replicate? the $S&P 500 Index(.SPX.US)$ or? i cant find any info? i would assume its inverse of s&p appreciate any advice thanks
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Crazy over US ETFs especially leveraged ETF. Go big or go home.
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