Direxion Daily S&P Biotech Bear 3X Shares (LABD)

NYSEARCA: LABD · IEX Real-Time Price · USD
13.00
-0.62 (-4.55%)
Jun 2, 2023, 4:00 PM EDT - Market closed
-4.55%
Assets $73.06M
Expense Ratio 1.09%
PE Ratio n/a
Shares Out 5.37M
Dividend (ttm) $0.31
Dividend Yield 2.39%
Ex-Dividend Date Mar 21, 2023
Payout Ratio n/a
1-Year Return -77.07%
Volume 5,721,192
Open 13.28
Previous Close 13.62
Day's Range 13.00 - 13.79
52-Week Low 11.64
52-Week High 71.49
Beta -2.40
Holdings 10
Inception Date May 28, 2015

About LABD

Fund Home Page

The Direxion Daily S&P Biotech Bear 3X Shares (LABD) is an exchange-traded fund that is based on the S&P Biotechnology Select Industry index. The fund provides daily 3 times inverse exposure to the S&P Biotechnology Select Industry Index. LABD was launched on May 28, 2015 and is managed by Direxion.

Asset Class Equity
Category Trading--Inverse Equity
Region Global
Stock Exchange NYSEARCA
Ticker Symbol LABD
Issuer Direxion
Index Tracked S&P Biotechnology Select Industry

Top 10 Holdings

-189.88% of assets
Name Symbol Weight
DREYFUS GOVT CASH MAN INS n/a 53.73%
GOLDMAN FINL SQ TRSRY INST 506 n/a 38.72%
DREYFUS TRSRY SECURITIES CASH MGMT n/a 10.94%
GOLDMAN SACHS FIN GOV 465 INSTITUT n/a 10.87%
S&P BIOTECHNOLOGY SELECT INDUSTRY INDEX SWAP n/a -40.39%
S&P BIOTECHNOLOGY SELECT INDUSTRY INDEX SWAP n/a -43.08%
S&P BIOTECHNOLOGY SELECT INDUSTRY INDEX SWAP n/a -43.78%
S&P BIOTECHNOLOGY SELECT INDUSTRY INDEX SWAP n/a -49.57%
S&P BIOTECHNOLOGY SELECT INDUSTRY INDEX SWAP n/a -55.46%
S&P BIOTECHNOLOGY SELECT INDUSTRY INDEX SWAP n/a -71.84%
View More Holdings

Dividends

Ex-Dividend Amount Pay Date
Mar 21, 2023 $0.21822 Mar 28, 2023
Dec 20, 2022 $0.09179 Dec 28, 2022
Mar 24, 2020 $1.000 Mar 31, 2020
Dec 23, 2019 $0.278 Dec 31, 2019
Sep 24, 2019 $1.1708 Oct 1, 2019
Jun 25, 2019 $1.7478 Jul 2, 2019
Full Dividend History

News

Top Performing Leveraged/Inverse ETFs: 03/26/2023

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Other symbols: CWEBEDCMEXXSVIXXPPYINN
2 months ago - ETF Trends

Top Performing Leveraged/Inverse ETFs: 03/12/2023

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

2 months ago - ETF Trends

Top Performing Leveraged/Inverse ETFs: 02/26/2023

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

3 months ago - ETF Trends
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The Most Shorted ETFs

Retailers, corporate bonds and homebuilders are some areas investors are using ETFs to bet against.

3 months ago - ETFcom

Top Performing Leveraged/Inverse ETFs: 02/12/2023

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

3 months ago - ETF Trends

Top Performing Leveraged/Inverse ETFs: 12/11/2022

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Other symbols: DRIPDUGERYSCOSRTY
6 months ago - ETF Trends

Top Performing Leveraged/Inverse ETFs: 11/20/2022

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

6 months ago - ETF Trends

Top Performing Leveraged/Inverse ETFs: 09/25/2022

Top Performing Levered/Inverse ETFs Last Week These were last week's top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

8 months ago - ETF Trends
}

Top Performing Leveraged/Inverse ETFs: 09/18/2022

Top Performing Levered/Inverse ETFs Last Week These were last week's top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

9 months ago - ETF Trends

Top Performing Leveraged/Inverse ETFs: 08/21/2022

Top Performing Levered/Inverse ETFs Last Week These were last week's top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

10 months ago - ETF Trends

Biotech Bounces in August as M&A Activity Increases

The biotech sector deflated, as most sectors did, in the first half of 2022. However, the sector is in the midst of a comeback as mergers and acquisitions rise, signaling increased activity.

Other symbols: LABU
10 months ago - ETF Trends

Top Performing Leveraged/Inverse ETFs: 05/01/2022

Top Performing Levered/Inverse ETFs Last Week These were last week's top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Other symbols: BOILCWEBDRVFAZUVXYYINN
1 year ago - ETF Trends

Top Performing Leveraged/Inverse ETFs: 04/24/2022

Top Performing Levered/Inverse ETFs Last Week These were last week's top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

1 year ago - ETF Trends
}

Top Performing Leveraged/Inverse ETFs: 04/17/2022

Top Performing Levered/Inverse ETFs Last Week These were last week's top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

1 year ago - ETF Trends

Top Performing Leveraged/Inverse ETFs: 01/23/2022

Top Performing Levered/Inverse ETFs Last Week These were last week's top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

1 year ago - ETF Trends

Top Performing Leveraged/Inverse ETFs: 01/09/2022

Top Performing Levered/Inverse ETFs Last Week These were last week's top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Other symbols: DIGDPSTERXWEBS
1 year ago - ETF Trends

Top Performing Leveraged/Inverse ETFs: 01/02/2022

Top Performing Levered/Inverse ETFs Last Week These were last week's top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

1 year ago - ETF Trends

Biotech Belonged to the Bears in Second Half of 2021

A bearish sentiment in biotechnology took over in the second half of 2021, providing gains for the Direxion Daily S&P Biotech Bear 3X Shares (LABD). LABD climbed almost 21% in the second half of 2021,...

Other symbols: LABU
1 year ago - ETF Trends

Top Performing Leveraged/Inverse ETFs: 12/05/2021

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Other symbols: WEBSKOLDKORUMEXXUVXY
1 year ago - ETF Trends

This Bearish Biotech ETF Is up 16% in the Past Month

The biotech sector was one of the darlings amid the vaccine rally in 2020, but there's since been some bearishness, which is benefiting the Direxion Daily S&P Biotech Bear 3X Shares (LABD). LABD climb...

1 year ago - ETF Trends

Biotech Rose with the Virus. Now It's Falling Behind

The S&P 500 Biotech index rose as much as 25% last year after falling as low as 8% during the apex of last year's sell-offs. Now, downward pressure is helping leveraged inverse funds like the Direxion...

2 years ago - ETF Trends

Post-Vaccine Distribution, Mergers Will Dominate Biotech Industry ETFs

The COVID-19 pandemic put biotech in the spotlight as companies around the globe worked feverishly to create a vaccine. Once a tried-and-true vaccine is developed and subsequently incorporated as stan...

2 years ago - ETF Trends

3 Bearish ETFs To Profit Bullish Counterparts With Elevated Short Interest

It's not just stocks that are made for shorting. Plenty of traders tap exchange-traded funds on the bearish side of things and do so for a variety of reasons.

Other symbols: EDZ
3 years ago - Benzinga

Consider These 2 Leveraged Biotech ETFs to Ride The M&A Trend

The biotech and healthcare space has been on fire lately. The healthcare space is witnessing a Mergers and Acquisitions wave recently that has achieved an impressive $342 billion in new deal activity ...

Other symbols: LABU
3 years ago - ETF Trends

These Are The Leveraged ETFs At Play When Trade War Worries Strike

The U.S.-China trade war is more than 18 months old. And in that time the conflict has taken a toll on stocks across the world and put company executives and market watchers alike on edge.

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4 years ago - Benzinga