LABS

Direxion Daily S&P Biotech Bear 1X Shares
LAST TRADECHANGE (%)VOLUME
$32.58-- (--)2
4:00:00 p.m. (ET) 02/21/2017
BID SIZEBID ($)ASK ($)ASK SIZE
30032.0232.17300

LABS Fund Description

The Direxion Daily S&P Biotech Bear -1x Shares ETF provides daily inverse exposure to the S&P Biotechnology Select Industry Index.

LABS FactSet Analytics Insight

LABS is a daily inverse (-1x) bet on thesuitable primarily for short-term traders S&P Biotechnology Select Industry Index. LABS achieves this exposure through a swap contract that gets rebalanced at the end of each trading day. Because of this rebalancing, the fund’s return for periods longer than a day becomes path dependent, and is likely to be different from the inverse of the return of the index for the same period. This makes LABS suitable primarily for short-term traders.
LABS is the first unleveraged fund in the Inverse US Biotech segment, offering an option to those seeking simpler exposure than the previous, more volatile options of -2x and -3x exposure. 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.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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Select ETFs to compare their performance:
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS40032.21
40032.20
70032.19
70032.18
30032.17
BIDS30032.02
20032.01
20032.00
10030.59
10029.79
LAST 10 TRADES
TIMEPRICESHARES
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Bats BZX Real-time Quote - 09:39:16
Average Spread
Premium/Discount
Volume

LABS 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 LABS. LABS is rated a N/A out of 5.

LABS Summary Data

12/03/15
Open-Ended Fund
0.46%
$5.03 M

LABS Portfolio Data

5.18%
N/A

LABS Index Data

Equal
Market Cap
N/A

LABS Fund Structure

Yes
No
0% / 100%
N/A
N/A
High
-1x
Daily

LABS Tax Exposures

20.00% / 39.60%
--
No

LABS Tradability

177
$7.19 K
6
$1.78 K
0.36%
0.01%
9.03% / -4.64%
None
50,000
0.00
0%
--
$32.58
N/A