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NYSEARCA:LABD - Direxion Daily S&P Biotech Bear 3x Shares Stock Price, Forecast & News

$12.38
+1.15 (+10.24 %)
(As of 02/25/2020 07:31 AM ET)
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Today's Range
$12.09
Now: $12.38
$12.80
50-Day Range
$10.83
MA: $12.38
$14.79
52-Week Range
$10.70
Now: $12.38
$28.82
Volume7.87 million shs
Average Volume4.27 million shs
Market Capitalization$165.71 million
P/E RatioN/A
Dividend Yield1.96%
BetaN/A

Basic Details

Issuer Direxion
Fund NameDirexion Daily S&P Biotech Bear 3x Shares
Tax ClassificationRegulated Investment Company
SymbolNYSEARCA:LABD
Inception Date5/28/2015
Fund ManagerPaul Brigandi, Tony Ng
WebN/A
PhoneN/A

Fund Focus

Asset ClassEquity
BenchmarkS&P Biotechnology Select Industry Index
CategorySector
FocusHealth Care
Development LevelDeveloped Markets
RegionNorth America

Fund Statistics

Assets Under Management$147.36 million
Average Daily Volume$4.08 million
Discount/Premium0.01%

ETF Expenses

Management Fee0.75%
Other Expenses0.39%
Total Expenses1.14%
Fee Waiver-0.03%
Net Expenses1.11%

Administrator, Advisor and Custodian

AdministratorU.S. Bancorp Fund Services, LLC
AdvisorRafferty Asset Management, LLC
CustodianThe Bank of New York Mellon Corporation
DistributorForeside Fund Services, LLC
Transfer AgentThe Bank of New York Mellon Corporation
Trustee
Lead Market MakerVirtu Financial

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Currency Exposure of Direxion Daily S&P Biotech Bear 3x Shares (NYSEARCA:LABD)

Direxion Daily S&P Biotech Bear 3x Shares (NYSEARCA:LABD) Frequently Asked Questions

What is Direxion Daily S&P Biotech Bear 3x Shares' stock symbol?

Direxion Daily S&P Biotech Bear 3x Shares trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "LABD."

How often does Direxion Daily S&P Biotech Bear 3x Shares pay dividends? What is the dividend yield for Direxion Daily S&P Biotech Bear 3x Shares?

Direxion Daily S&P Biotech Bear 3x Shares declared a quarterly dividend on Monday, December 23rd. Shareholders of record on Tuesday, December 24th will be paid a dividend of $0.0139 per share on Tuesday, December 31st. This represents a $0.06 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Monday, December 23rd. View Direxion Daily S&P Biotech Bear 3x Shares' Dividend History.

When did Direxion Daily S&P Biotech Bear 3x Shares' stock split? How did Direxion Daily S&P Biotech Bear 3x Shares' stock split work?

Shares of Direxion Daily S&P Biotech Bear 3x Shares reverse split before market open on Thursday, March 29th 2018. The 1-10 reverse split was announced on Wednesday, March 28th 2018. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, March 28th 2018. An investor that had 100 shares of Direxion Daily S&P Biotech Bear 3x Shares stock prior to the reverse split would have 10 shares after the split.

Has Direxion Daily S&P Biotech Bear 3x Shares been receiving favorable news coverage?

News coverage about LABD stock has trended neutral recently, according to InfoTrie. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Direxion Daily S&P Biotech Bear 3x Shares earned a daily sentiment score of 0.4 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 9.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for Direxion Daily S&P Biotech Bear 3x Shares.

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

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

Direxion Daily S&P Biotech Bear 3x Shares' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Boxer Capital LLC (23.20%), IMC Chicago LLC (2.27%), Simplex Trading LLC (0.32%), Tower Research Capital LLC TRC (0.27%) and Virtu Financial LLC (0.24%).

Which major investors are selling Direxion Daily S&P Biotech Bear 3x Shares stock?

LABD stock was sold by a variety of institutional investors in the last quarter, including Tower Research Capital LLC TRC.

Which major investors are buying Direxion Daily S&P Biotech Bear 3x Shares stock?

LABD stock was purchased by a variety of institutional investors in the last quarter, including Boxer Capital LLC, IMC Chicago LLC, Virtu Financial LLC and Simplex Trading LLC.

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

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

What is Direxion Daily S&P Biotech Bear 3x Shares' stock price today?

One share of LABD stock can currently be purchased for approximately $12.38.

How big of a company is Direxion Daily S&P Biotech Bear 3x Shares?

Direxion Daily S&P Biotech Bear 3x Shares has a market capitalization of $165.71 million. View Additional Information About Direxion Daily S&P Biotech Bear 3x Shares.


MarketBeat Community Rating for Direxion Daily S&P Biotech Bear 3x Shares (NYSEARCA LABD)

Community Ranking:  1.7 out of 5 (star)
Outperform Votes:  30 (Thanks for Voting!)
Underperform Votes:  60 (Thanks for Voting!)
Total Votes:  90
MarketBeat's community ratings are surveys of what our community members think about Direxion Daily S&P Biotech Bear 3x Shares and other stocks. Vote "Outperform" if you believe LABD will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LABD will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/25/2020 by MarketBeat.com Staff

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