Direxion Daily S&P Biotech Bear 3X Shares (LABD)
7.71
-0.30
(-3.75%)
USD |
NYSEARCA |
May 02, 16:00
7.66
-0.05
(-0.65%)
After-Hours: 20:00
Key Stats
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Net Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
---|---|---|---|
1.07% | 0.21% | 48.88M | 10.92M |
Weighted Average Dividend Yield | Turnover Ratio (Generic) | 1 Year Fund Level Flows | Max Drawdown (Since Inception) |
-- | 0.00% | -71.09M | Upgrade |
Basic Info
Investment Strategy | |
The Fund seeks daily investment results, before fees and expenses, of 300% of the inverse of the performance of the S&P Biotechnology Select Industry Index. The Fund creates short positions by investing at least 80% of its assets in: swap agreements; options on securities and indices; forward contracts. |
General | |
Security Type | Exchange-Traded Fund |
Broad Asset Class | Alternative |
Broad Category | Alternative |
Global Peer Group | Alternative Dedicated Short Bias |
Peer Group | Dedicated Short Bias Funds |
Global Macro | Liquid Alternatives |
US Macro | Alternative Equity Funds |
YCharts Categorization | -- |
YCharts Benchmark | -- |
Prospectus Objective | Dedicated Short Bias Funds |
Fund Owner Firm Name | Direxion |
Broad Asset Class Benchmark Index | |
^MSACWINTR | 100.0% |
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of May 02, 2025.
Asset Allocation
As of March 31, 2025.
Type | % Net |
---|---|
Cash | -2.09% |
Stock | 0.00% |
Bond | 67.19% |
Convertible | 0.00% |
Preferred | 0.00% |
Other | 34.89% |
Basic Info
Investment Strategy | |
The Fund seeks daily investment results, before fees and expenses, of 300% of the inverse of the performance of the S&P Biotechnology Select Industry Index. The Fund creates short positions by investing at least 80% of its assets in: swap agreements; options on securities and indices; forward contracts. |
General | |
Security Type | Exchange-Traded Fund |
Broad Asset Class | Alternative |
Broad Category | Alternative |
Global Peer Group | Alternative Dedicated Short Bias |
Peer Group | Dedicated Short Bias Funds |
Global Macro | Liquid Alternatives |
US Macro | Alternative Equity Funds |
YCharts Categorization | -- |
YCharts Benchmark | -- |
Prospectus Objective | Dedicated Short Bias Funds |
Fund Owner Firm Name | Direxion |
Broad Asset Class Benchmark Index | |
^MSACWINTR | 100.0% |