LABU

Direxion Daily S&P Biotech Bull 3X ETF

$148.92

+0.00%

Market closed. Last update: 2:13 AM ET

📎 Investment Objective

LABU seeks to provide daily investment results that are 300% of the daily performance of the S&P Biotechnology Select Industry Index. This index tracks the performance of biotechnology companies in the U.S. equity market.

Overview

ETF tracking Direxion Daily S&P Biotech Bull 3X ETF

Category Leveraged

Issuer Other

Inception Date 2015-05-28

Market Cap $457.9M

Average Volume N/A

Dividend Yield 0.90%

52-Week Range $37.64 - $195.95

VWAP $151.63

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

LABU uses leveraged derivatives and other financial instruments to amplify the daily returns of the underlying index by a factor of 3x. The fund rebalances daily to maintain the target 3x leverage.

✨ Key Features

Provides 3x daily leveraged exposure to the S&P Biotechnology Select Industry Index
Utilizes derivatives and other financial instruments to achieve the target leverage
Rebalances daily to maintain the 3x leverage ratio
Designed for short-term trading, not long-term buy-and-hold

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Daily rebalancing can result in compounding of returns, both positive and negative
Volatility of the underlying biotechnology sector can lead to large daily swings in the fund's value
Not suitable for investors with a long-term investment horizon

👤 Best For

LABU is designed for experienced, sophisticated investors with a high risk tolerance who are seeking short-term, speculative exposure to the biotechnology sector. It is not suitable for conservative or long-term investors.