LABS

Direxion Daily S&P Biotech Bear 1X Shares
CLOSING PRICECHANGE (%)VOLUME
$27.63-- (--)1
4:00:00 p.m. (ET) 07/19/2017
BZX EXCHANGE CLOSED
LAST TRADECHANGE (%)
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BID SIZEBID ($)ASK ($)ASK SIZE
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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 the 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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Bats BZX Real-time Quote - 23:59:59
Daily Spread
Premium/Discount
Volume

LABS FactSet Analytics Block Liquidity

As of 07/21/17
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
0.50%
$1.38 M

LABS Portfolio Data

6.33%
09/19/17

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%
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No

LABS Tradability

1,579
$61.89 K
412
$13.15 K
0.24%
0.19%
6.07% / -4.64%
None
50,000
0.01
0%
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$27.63
N/A