Direxion Daily S&P Biotech Bear 3X SharesNYSEARCA: LABD
NYSEARCA: LABD
$7.1
-0.34
(20 Dec)
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1D
1W
3M
1Y
5Y
Previous close
$7.10
Open
$7.10
Today’s high
$7.57
Today’s low
$6.92
52W low
$4.78
52W high
$11.1561
1Y
-37.99%
5Y
-50.39%
Expense ratio
1.10
Div yield
5.36%
Insights
LABD is in the lowest 10% returns in the past year. It is a low momentum stock. Low momentum stocks tend to underperform in the near term.
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About Direxion Daily S&P Biotech Bear 3X Shares

The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the daily performance of the S&P Biotechnology Select Industry Index. The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes).

The index is designed to measure the performance of the biotechnology sub-industry based on the Global Industry Classification Standards ("GICS"). The fund is non-diversified. .


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