LABD

Direxion Daily S&P Biotech Bear 3X Shares
LAST TRADECHANGE (%)VOLUME
$10.55+0.21 (2.03%)38.51K
9:34:00 a.m. (ET) 02/28/2017
BID SIZEBID ($)ASK ($)ASK SIZE
50010.5810.661,200

LABD Fund Description

The Direxion Daily S&P Biotech Bear -3x Shares ETF provides daily 3 times exposure to the S&P Biotechnology Select Industry Index.

LABD FactSet Analytics Insight

LABD is a daily leveraged inverse (-3x) bet on the S&P Biotechnology Select Industry Index, an index tracked in unleveraged form by iShares’ wildly popular IBB. LABU does this through a portfolio of derivatives contracts that gets rebalanced at the end of each trading day. Because of that, the fund’s return for periods longer than a day becomes path dependent, and is likely to be different from -3x the return of the index for the same period. This makes LABU suitable primarily for short-term traders.
LABD is the first challenger in the Inverse Leveraged US Biotech segment to the long-established BIS from ProShares. What LABU brings to the table that isn’t already offered by BIS is most apparent in the leverage factor: LABU pushes its returns to 3 times the inverse of the exposure of its index, whereas BIS has only a factor of 2. The expense ratio has minimal impact on the cost of holding these funds for a short period of time, and would matter little to someone who is speculating on the short-term movements of biotech companies. Trading costs as reflected in spreads, and potential premium/discounts are the predominant consideration here. Stayed tuned to see if LABU manages to gather assets and establish itself.

  • 1 Month
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  • YTD
  • 1 Year
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Select ETFs to compare their performance:
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS----
50010.70
1,70010.68
1,30010.67
1,20010.66
BIDS50010.58
40010.57
40010.56
90010.55
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LAST 10 TRADES
TIMEPRICESHARES
09:34:0010.55300
09:33:1210.57100
09:32:2610.55300
09:30:3010.54100
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Bats BZX Real-time Quote - 09:38:48
Average Spread
Premium/Discount
Volume

LABD FactSet Analytics Block Liquidity

As of 02/27/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of LABD. LABD is rated a N/A out of 5.

LABD Summary Data

05/28/15
Open-Ended Fund
0.96%
$132.99 M

LABD Portfolio Data

0%
03/21/17

LABD Index Data

Equal
Market Cap
N/A

LABD Fund Structure

Yes
No
0% / 100%
N/A
N/A
Low
-3x
daily

LABD Tax Exposures

20.00% / 39.60%
--
No

LABD Tradability

3,904,545
$56.11 M
3,706,297
$54.18 M
0.17%
0.01%
0.74% / -1.49%
None
50,000
74.13
--
4,208
$12.05
N/A