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

NYSEARCA: LABD · IEX Real-Time Price · USD
18.00
+1.25 (7.46%)
Aug 9, 2022 10:23 AM EDT - Market open
7.46%
Assets $92.36M
NAV $17.69
Expense Ratio 1.00%
PE Ratio n/a
Shares Out 5.22M
Dividend (ttm) n/a
Dividend Yield n/a
Ex-Dividend Date Mar 24, 2020
1-Year Return -18.96%
Volume 6,540,841
Open 17.70
Previous Close 16.75
Day's Range 17.10 - 18.19
52-Week Low 16.09
52-Week High 85.28
Beta -2.67
Holdings 18
Inception Date May 28, 2015

About LABD

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.

Asset Class Portfolio-Multi Asset
Sector Biotech
Region Global
Issuer Direxion Investments
Stock Exchange NYSEARCA
Ticker Symbol LABD
Index Tracked S&P Biotechnology Select Industry Index

Top 10 Holdings

110.98% of assets
Name Symbol Weight
DREYFUS GOVT CASH MGMT n/a 27.68%
GOLDMAN FINL SQ TRSRY INST 506 n/a 18.49%
DREYFUS GOVT CASH MGMT n/a 16.96%
DREYFUS TREASURY SECURITIES CASH MANAGEMENT n/a 11.60%
GOLDMAN FINL SQ TRSRY INST 506 n/a 9.03%
DREYFUS TREASURY SECURITIES CASH MANAGEMENT n/a 7.86%
GOLDMAN FINL SQ TRSRY INS n/a 7.68%
GOLDMAN FS GOVT INST n/a 5.28%
GOLDMAN FS GOVT INST n/a 4.41%
GOLDMAN FINL SQ TRSRY INS n/a 1.99%
View More Holdings

Dividends

Ex-Dividend Amount Pay Date
Mar 24, 2020 $0.9952 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
Mar 19, 2019 $1.1286 Mar 26, 2019
Dec 27, 2018 $3.8268 Jan 4, 2019
Full Dividend History

News

Inverse or Leveraged ETFs That More Than Doubled This Year

The year 2022 has been brutal so far for the stock market, with the S&P 500 Index plunging in bear-market territory.

Other symbols: SQQQWEBS

Stocks See Worst Day in 2 Years: Inverse ETFs Shine

The bearish sentiments have raised the appeal for inverse or inverse-leveraged ETFs as these fetch outsized returns on bearish sentiments in a short span.

Other symbols: SOXSSQQQUVXY

Inverse ETFs Take Flight as Market Turns Sour

The market sell-off has resulted in higher demand for inverse or inverse-leveraged ETFs as these fetch outsized returns on bearish sentiments in a short span.

Other symbols: SQQQTECSWEBS

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

5 Best Inverse/Leveraged ETFs of Last Week

The likelihood of faster-than-expected monetary policy tightening by the Federal Reserve sent key Wall Street indexes falling.

Other symbols: BOILCWEBDRV

5 Inverse ETFs That Are Up More Than 60% in April

April was the worst-ever month for Wall Street. The market sell-off has resulted in higher demand for inverse or inverse-leveraged ETFs as these fetch outsized returns on bearish sentiments in a short s...

Other symbols: SOXSWEBS

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.

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.

5 Inverse ETFs Enjoying a Rally This Year

The combination of factors has led to a steep sell-off in the growth sectors like technology, raising the appeal for inverse or inverse-leveraged ETFs.

Other symbols: CLDSSOXSSQQQ

5 Top-Performing Leveraged/Inverse ETFs of Q1

The appeal for leveraged and inverse-leveraged ETFs has increased as these fetch outsized returns on quick market turns in a short span.

Other symbols: DFENMNMWEBS

5 Best Leveraged/Inverse ETFs at Halfway Q1

The appeal for leveraged and inverse-leveraged ETFs has increased as these have fetched outsized returns on quick market turns in a short span.

Other symbols: SQQQWEBS

Leveraged/Inverse ETFs Up More Than 30% in January

The appeal for leveraged and inverse-leveraged ETFs increased as these fetched outsized returns on quick market turns in a short span.

Other symbols: SOXSSRTYWEBS

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.

Take a Look at Inverse ETFs Up More Than 50% YTD

Here we highlight some Inverse ETFs up more than 50% so far in 2022.

Other symbols: WEBS

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: CLDSDIGDPSTERXWEBS

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.

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, g...

Other symbols: LABU

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.

5 Best Inverse-Leveraged ETFs of Last Week

Last week was downbeat for Wall Street? Apart from the Omicron woes, inflationary pressure continued to bother markets.

Other symbols: CLDSKOLDWEBS

5 Leveraged/Inverse ETFs Up More Than 15% in November

The month of November proved to be volatile for the U.S. stock market given rising inflation, a surge in COVID-19 cases and Fed's taper talks.

Other symbols: CLDSSOXL

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 climbed...

Rising Yields Rattles Market: Inverse ETFs in Vogue

Wall Street resumed its quarter-end decline in the face of rising yields. This has resulted in a spike in inverse or inverse leveraged ETFs.

Other symbols: SOXSTECSWEBS

6 Top-Performing Leveraged/Inverse ETFs of September

September proved the historical trends to be true as Wall Street logged in the worst month of this year.

Other symbols: GUSHSQQQTECS

5 Inverse ETFs Jump Most on Market Sell-Off

We have highlighted the five best-leveraged inverse ETFs that piled up handsome gains on the broad sell-off.

Other symbols: SOXSSQQQWEBS

6 Inverse ETFs Gain on Broad Market Sell-Off

The broad market sell-off has resulted in a spike for inverse or inverse leveraged ETFs. These products either create a short position or a leveraged short position in the underlying index.

Other symbols: HIBSSOXS