LABU Direxion Daily S&P Biotech Bull 3X Shares
What is LABU?
LABU 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 an equal-weighted index of US biotech stocks. The vast majority of the fund's exposure is to biotechnology and medical research but also captures significant exposure to pharmaceuticals as well. As a leveraged product, the fund is not a buy-and-hold investment. It 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. Over time, compounding effects can lead to profound differences in expected returns relative to the index.
LABU Summary Data
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LABU Index Data
Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of LABU. LABU is rated a 5 out of 5.