Direxion Daily S&P Biotech Bear 3X Shares (LABD)

32.89
Delayed Data
As of Oct 19
 +2.19 / +7.13%
Today’s Change
21.35
Today|||52-Week Range
60.30
-28.66%
Year-to-Date

Investment Objective

The investment seeks daily investment results- before fees and expenses- of 300% of the inverse of the daily performance of the S&P Biotechnology Select Industry Index. The fund- under normal circumstances- invests in swap agreements- futures contracts- short positions or other financial instruments that- in combination- provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). The index is designed to measure the performance of the biotechnology sub-industry based on the Global Industry Classification Standards ("GICS"). The fund is non-diversified.

Performance

1 month+33.41% 3 years-57.25%
3 months+50.98% 5 years--
1 year-29.77% Since inception-52.02%
Data through 10/20/2018

Quote Details

Previous close$30.70
Open day’s range29.29 – 33.30
Net asset value (NAV)33.02 (10/19/2018)
Daily volume1,967,820
Average volume (3 months)1,428,062
Data as of 8:00pm ET, 10/19/2018

Peer Comparisonvs. Trading--inverse equity ETFs

 LABDCategory
Performance 5-yr return---29.79%
Expense Gross exp ratio1.14%1.92%
Risk 5 year sharpe ratio----
Net assets$54.5M$3.4M
Average market cap----
Average P/E----
Dividend / Share--0.35%

Competitors

SH ProShares Short S&P500
SDS ProShares UltraShort S&P500
CHAD Direxion Daily CSI 300 China A Share Bea...

Holdings

Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
Holdings not available.