Direxion Daily S&P Biotech Bull 3X ETF
1 day chart
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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.
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0.47%
893.48K
$125.09
$120.06
$123.01
$176.99
$48.40
What 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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Open an accountLABU FAQs
- Find the right investing platform for you. To buy LABU shares in Australia, you’ll need to open an account with an investing platform that offers the security. Try Stake, you can sign up in minutes.
- Fund your brokerage account. Once you are set up you can deposit into your account with different payment methods.
- Search for LABU or Direxion Daily S&P Biotech Bull 3X ETF. Find the stock by using the search function and go to the LABU page.
- Place an order to buy LABU. Press the ‘Buy’ button and choose an order type to place your trade. Depending on the order type, the trade will go through straight away or when a price target is hit.
- Monitor your portfolio. You’ve now purchased some LABU shares. Stay on top of your portfolio and monitor its performance. You may be eligible for dividends and shareholder voting rights that affect your stock.
This does not constitute financial advice. You should do your own research before making an investment decision. Past performance is not a reliable indication of future performance. No representation is made as to the timeliness, reliability, accuracy or completeness of the market data provided.
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