LABD

Direxion Daily S&P Biotech Bear 3X Shares
CLOSING PRICECHANGE (%)VOLUME
$9.55-0.27 (-2.75%)3.56M
4:00:00 p.m. (ET) 04/27/2017
BZX EXCHANGE CLOSED
LAST TRADECHANGE (%)
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BID SIZEBID ($)ASK ($)ASK SIZE
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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
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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LAST 10 TRADES
TIMEPRICESHARES
15:59:459.56800
15:59:249.55100
15:58:319.56100
15:58:289.56150
15:58:289.5614
15:58:289.56336
15:58:289.56400
15:57:219.57100
15:57:139.56100
15:57:139.56200
Bats BZX Real-time Quote - 17:23:57
Average Spread
Premium/Discount
Volume

LABD FactSet Analytics Block Liquidity

As of 04/27/17
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
1.08%
$96.84 M

LABD Portfolio Data

0%
06/20/17

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%
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No

LABD Tradability

3,945,827
$41.72 M
3,606,109
$37.88 M
0.16%
0.00%
0.62% / -1.06%
None
50,000
72.12
0%
10,592
$9.82
N/A