http://apiprod.etf.internal.com/private/fund/LABD/fundreport
LABD

LABD

Direxion Daily S&P Biotech Bear 3X Shares
CLOSING PRICECHANGE (%)VOLUME
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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 SSgA's XBI. In this indexing choice, it breaks with ProShares rival BIS, which proves -2x exposure to the same NASDAQ Biotechnology Index tracked by wildly popular IBB, from iShares. Besides the extra leverage factor that LABD applies compared to BIS, LABD's index arguably offers slightly purer exposure to biotech as we define it. LABD provides its exposure through a portfolio of swaps 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 LABD suitable primarily for short-term traders, who will find ample volume and modest spreads. LABD's expense ratio is typical of leverage products, but not a major factor for such a short-term tool.

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  • 5 Years
  • Max
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TOP OF BOOK
SHARES/SIZEPRICE
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LAST 10 TRADES
TIMEPRICESHARES
15:59:124.74145
15:59:124.74305
15:59:124.74195
15:59:124.74555
15:59:114.74300
15:56:444.74100
15:54:064.74300
15:52:484.73100
15:52:324.74300
15:52:314.74300
Bats BZX Real-time Quote - 23:59:59
Daily Spread
Premium/Discount
Volume

LABD Factset Analytics Block Liquidity

As of 10/20/17
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

Direxion
05/28/15
Open-Ended Fund
1.08%
$120.2M
0.2%

LABD Portfolio Data

0.00%
12/19/17

LABD Index Data

Equal
Market Cap
N/A

LABD Fund Structure

Yes
No
No Policy
N/A
N/A
Low
-3
Daily

LABD Tax Exposures

20% / 39.6%
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No

LABD Tradability

5,823,180
$30.49M
5,290,970
$28.93M
0.2%
-0.01%
0.64% / -1.06%
None
50,000
105.82
0.00%
10,592
$4.73
N/A