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

$14.97
+0.98 (+7.01 %)
(As of 03/27/2020 04:00 PM ET)
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Today's Range
$13.73
Now: $14.97
$15.20
50-Day Range
$10.83
MA: $14.98
$26.72
52-Week Range
$10.70
Now: $14.97
$28.82
Volume3.14 million shs
Average Volume4.38 million shs
Market Capitalization$50.67 million
P/E RatioN/A
Dividend Yield1.53%
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$46.41 million
Average Daily Volume$4.60 million
Discount/Premium0.28%

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

How has Direxion Daily S&P Biotech Bear 3x Shares' stock been impacted by COVID-19 (Coronavirus)?

Direxion Daily S&P Biotech Bear 3x Shares' stock was trading at $18.23 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, LABD stock has decreased by 17.9% and is now trading at $14.97. View which stocks have been mosted impacted by Coronavirus.

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 announced a quarterly dividend on Monday, December 23rd. Stockholders 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 dividend yield of 0.37%. 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?

Press coverage about LABD stock has been trending negative this week, according to InfoTrie. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Direxion Daily S&P Biotech Bear 3x Shares earned a news impact score of -2.0 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an effect on the company's share price in the next few days. View the latest news aboutDirexion Daily S&P Biotech Bear 3x Shares.

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

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."

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 number of retail and institutional 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 institutional 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 institutional 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 $14.97.

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 $50.67 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:  31 (Vote Outperform)
Underperform Votes:  61 (Vote Underperform)
Total Votes:  92
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 3/28/2020 by MarketBeat.com Staff

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