Direxion Daily S&P Biotech Bull 3X ETF
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About LABU
The S&P Biotechnology Select Industry Index (SPSIBITR) is provided by Standard & Poor’s and includes domestic companies from the biotechnology industry. The Index is designed to measure the performance of the biotechnology sub-industry based on the Global Industry Classification Standards (GICS). One cannot directly invest in an index. The Direxion Daily S&P Biotech Bull and Bear 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the S&P Biotechnology Select Industry Index. There is no guarantee the funds will meet their stated investment objectives. These leveraged ETFs seek a return that is 300% or -300% of the return of their benchmark index for a single day. The funds should not be expected to provide three times or negative three times the return of the benchmark’s cumulative return for periods greater than a day.
Find out what a historical investment in Direxion Daily S&P Biotech Bull 3X ETF would be worth today using our LABU stock calculator.
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0.46%
1.16M
$55.92
$52.92
$54.77
$152.60
$32.55
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Open an accountWhat is LABU ETF?
The Direxion Daily S&P Biotech Bull 3X Shares (LABU) is a leveraged ETF that seeks a return of 300% of the return of the target index, S&P Biotechnology Select Industry Index (SPSIBITR). The SPSIBITR index is a modified equal-weighted index, which follows biotechnology companies from the U.S., designed to measure this sub-industry's performance. The LABD ETF is the inverse option of the same index. The LABU stock price is down -26% YTD (as of 31 October 2022).
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This is not financial product advice nor a recommendation to invest in the securities listed. Past performance is not a reliable indicator of future performance. As always, do your own research and consider seeking financial, legal and taxation advice before investing. No representation is made as to the timeliness, reliability, accuracy or completeness of the market data provided.
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