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

22.42
Delayed Data
As of 6:30pm ET
 -0.88 / -3.78%
Today’s Change
16.42
Today|||52-Week Range
62.25
-47.59%
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+2.17% 3 years-61.60%
3 months-1.62% 5 years--
1 year-22.00% Since inception-51.28%
Data through 05/23/2019

Quote Details

Previous close$23.30
Open day’s range22.01 – 23.00
Net asset value (NAV)22.62 (05/22/2019)
Daily volume2,834,074
Average volume (3 months)4,302,409
Data as of 6:30pm ET, 05/24/2019

Peer Comparisonvs. Trading--inverse equity ETFs

 LABDCategory
Performance 5-yr return---29.79%
Expense Gross exp ratio1.13%1.98%
Risk 5 year sharpe ratio----
Net assets$122.1M$9.9M
Average market cap----
Average P/E----
Dividend / Share--47.05%

Competitors

SH ProShares Short S&P500
SDS ProShares UltraShort S&P500
SPXU ProShares UltraPro Short S&P500

Holdings

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