LABU ETF Report: Ratings, Analysis, Quotes, Holdings

Direxion Daily S&P Biotech Bull 3X Shares

Find more ETFs with our ETF Screener and Database

LABU Fund Description

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

LABU Factset Analytics Insight

LABU is a daily 3x leveraged bet on the S&P Biotechnology Select Industry Index, an equal-weighted index of US biotech stocks tracked in unleveraged form by the popular XBI. The vast majority of the fund's exposure is to Biotechnology & Medical Research, but it also captures significant exposure to Pharmaceuticals as well. LABU gets its leverage exposure 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. What LABU brings to the table that competitor BIB does not is its outsized leverage factor. The fund is reasonably liquid, with decent volume and modest spreads, an important factor to consider as most investors won't hold the fund for long. LABU charges a typically steep fee for a leveraged ETF, but most investors won't stick around long enough to realize those holding costs.

1 Month
3 Months
YTD
1 Year
3 Years
5 Years
Max

COMPARE

RESET

Select ETFs to compare their performance:

performance [as of 04/23/18]	1 Month	3 Month	YTD	1 Year	3 Years	5 Years	10 Years
LABU	-5.62%	-29.02%	0.01%	74.81%	--	--	--
LABU (NAV)	-5.53%	-29.06%	0.15%	74.63%	--	--	--
S&P Biotechnology Select Industry Index	-0.58%	-8.21%	3.77%	29.92%	3.94%	19.94%	--

All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

Bats Book Viewer

TOP OF BOOK

LAST 10 TRADES

Bats BZX Real-time Quote -

Daily Spread

Premium/Discount

Volume

LABU Factset Analytics Block Liquidity

As of 04/24/18

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

LABU Summary Data

Direxion

05/28/15

Open-Ended Fund

1.08%

$473.08M

0.25%

Fund Home Page

LABU Portfolio Data

0.17%

06/19/18

LABU Index Data

S&P Biotechnology Select Industry Index

Equal

Market Cap

N/A

LABU Fund Structure

Yes

No Policy

N/A

Low

Leverage Reset Frequency Daily

LABU Tax Exposures

20.00% / 39.60%

LABU Tradability

1,456,197

$123.08M

1,273,042

$118.95M

0.25%

0.03%

0.72% / -0.55%

None

50,000

25.46

0.01%

21,717

$77.77

N/A

The data and information contained herein is not intended to be investment or tax advice. A reference to a particular investment or security, a credit rating, or any observation concerning a security or investment provided in the ETF.com Service is not a recommendation to buy, sell, or hold such investment or security or to make any other investment decisions. You should not use such information for purposes of any actual transaction without consulting an investment or tax professional.

ETF.com DOES NOT TAKE RESPONSIBILITY FOR YOUR INVESTMENT OR OTHER ACTIONS NOR SHALL ETF.com HAVE ANY LIABILITY, CONTINGENT OR OTHERWISE, FOR THE ACCURACY, COMPLETENESS, TIMELINESS, OR CORRECT SEQUENCING OF ANY INFORMATION PROVIDED BY ETF.com OR FOR ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE UPON SUCH INFORMATION OR ETF.com.

[ETF.com DOES NOT PROVIDE ANY RESEARCH OPINIONS.] ETF.com MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY OF THE INFORMATION, PRODUCTS OR SERVICES CONTAINED HEREIN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

Data provider:
Terms of Use