LABU

Direxion Daily S&P Biotech Bull 3X Shares
CLOSING PRICECHANGE (%)VOLUME
$44.62-1.32 (-2.87%)1.30M
4:00:00 p.m. (ET) 04/21/2017
BZX EXCHANGE CLOSED
LAST TRADECHANGE (%)
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BID SIZEBID ($)ASK ($)ASK SIZE
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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 thecaptures significant exposure to Pharmaceuticals 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
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LAST 10 TRADES
TIMEPRICESHARES
15:59:5944.70300
15:59:5944.69200
15:59:0644.68100
15:59:0244.7054
15:59:0244.7046
15:59:0144.72100
15:59:0044.70100
15:58:5244.66100
15:58:5244.66200
15:58:5244.66128
Bats BZX Real-time Quote - 23:59:59
Average Spread
Premium/Discount
Volume

LABU FactSet Analytics Block Liquidity

As of 04/21/17
5
4
3
2
1

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

05/28/15
Open-Ended Fund
1.09%
$277.12 M

LABU Portfolio Data

0%
06/20/17

LABU Index Data

Equal
Market Cap
N/A

LABU Fund Structure

Yes
No
0% / 100%
N/A
N/A
Low
3x
daily

LABU Tax Exposures

20.00% / 39.60%
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No

LABU Tradability

1,902,649
$91.14 M
1,789,599
$82.85 M
0.14%
0.05%
1.72% / -0.52%
None
50,000
35.79
0.01%
19,282
$45.94
N/A