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Direxion Daily S&P Biotech Bear 3X Shares
LABD•AMEX
Financial ServicesAsset Management - Leveraged
$9.22
$-0.47(-4.85%)
Direxion Daily S&P Biotech Bear 3X Shares (LABD) Stock Overview
Explore Direxion Daily S&P Biotech Bear 3X Shares’s financial performance, market position, analyst ratings, and future outlook.
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Company Profile
The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). The index is designed to measure the performance of the biotechnology sub-industry based on the Global Industry Classification Standards ("GICS"). The fund is non-diversified.
Headquarters
DE
Founded
2015