The fund, under normal circumstances, invests at least 80% of the fund"s net assets in financial instruments, including swap agreements, futures contracts, or short positions, that, in combination, provide 3X daily inverse (opposite) or short exposure to the index or to ETFs that track the index, consistent with the fund"s investment objective. The index is designed to measure the performance of the biotechnology sub-industry based on the GICS. The fund is non-diversified.
Frequently asked questions
What is the Direxion Daily S&P Biotech Bear 3X Shares (LABD) expense ratio?
The Direxion Daily S&P Biotech Bear 3X Shares funds expense ratio is 1.1%.
What is Direxion Daily S&P Biotech Bear 3X Shares (LABD) current stock price?
As of the latest data, Direxion Daily S&P Biotech Bear 3X Shares stock price is $7.81, with a previous close of $7.96. Direxion Daily S&P Biotech Bear 3X Shares lost -$0.15 in the last trading session, representing a -1.88% loss.
Yes. Direxion Daily S&P Biotech Bear 3X Shares pays quarterly dividends with an annualized yield of 5.89% and an estimated annual payout of $0.46 per share.
