Direxion Daily S&P Biotech Bull 3x Shares (LABU) Price, Holdings, & News

ETF Overview

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

Key Stats

• Today's Range: $78.63 to $82.65
• 50-Day Range: $58.01 to $82.74
• 52-Week Range: $32.55 to $152.58
• Volume: 822,161 shs
• Average Volume: 1.68 million shs
• Market Capitalization: $816.33 million
• Assets Under Management: $666.31 million
• Dividend Yield: 0.41%
• Net Expense Ratio: 0.93%
• Aggregate Rating: Moderate Buy

LABU ETF - Frequently Asked Questions

How have LABU shares performed this year?

Direxion Daily S&P Biotech Bull 3x Shares' stock was trading at $90.00 at the beginning of the year. Since then, LABU stock has decreased by 12.5% and is now trading at $78.72.

When did Direxion Daily S&P Biotech Bull 3x Shares' stock split?

Direxion Daily S&P Biotech Bull 3x Shares's stock reverse split on Monday, December 4th 2023.The 1-20 reverse split was announced on Monday, December 4th 2023. The number of shares owned by shareholders was adjusted after the market closes on Monday, December 4th 2023. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

Who are Direxion Daily S&P Biotech Bull 3x Shares' major shareholders?

Top institutional shareholders of Direxion Daily S&P Biotech Bull 3x Shares include Squarepoint Ops LLC (1.55%), Squarepoint Ops LLC (1.55%), Jane Street Group LLC and Ethos Financial Group LLC (0.09%).

How do I buy shares of Direxion Daily S&P Biotech Bull 3x Shares?

Shares of LABU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Direxion Daily S&P Biotech Bull 3x Shares own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Direxion Daily S&P Biotech Bull 3x Shares investors own include Micron Technology (MU), Tesla (TSLA), NVIDIA (NVDA), Meta Platforms (META), AT&T (T), Direxion Daily Semiconductors Bull 3x Shares (SOXL) and Advanced Micro Devices (AMD).

Fund Details

• Issuer: Direxion
• Fund Name: Direxion Daily S&P Biotech Bull 3x Shares
• Tax Classification: Regulated Investment Company
• Stock Exchange: NYSEARCA
• Current Symbol: NYSEARCA:LABU
• Inception Date: 5/28/2015
• Fund Manager: Paul Brigandi, Tony Ng
• Web: N/A
• Phone: N/A

Fund Focus

• Asset Class: Equity
• Benchmark: S&P Biotechnology Select Industry Index
• Category: Sector
• Focus: Health Care
• Development Level: Developed Markets
• Region: North America
• Number of Holdings: 142

Fund Statistics

• Assets Under Management: $666.31 million
• Average Daily Volume: $1.20 million
• Discount/Premium: 0.09%
• Leveraged: 3.00

Administrator, Advisor and Custodian

• Administrator: U.S. Bancorp Fund Services, LLC
• Advisor: Rafferty Asset Management, LLC
• Custodian: The Bank of New York Mellon Corporation
• Distributor: Foreside Fund Services, LLC
• Transfer Agent: The Bank of New York Mellon Corporation
• Trustee: N/A
• Lead Market Maker: Virtu Financial

Options

• Optionable: Optionable
• Options Volume: 5,838
• Put Options: 3,457
• Call Options: 2,381
• Short Interest: 874,900 shs

Miscellaneous

• Outstanding Shares: 10,370,000
• Beta: 3.00
• Creation Unit: 50,000
• Creation Fee: $250.00