NYSEARCA:LABU

Direxion Daily S&P Biotech Bull 3x Shares (LABU) Price, Holdings, & News

$105.10
-5.15 (-4.67%)
(As of 05/8/2024 ET)
Today's Range
$102.40
$108.14
50-Day Range
$83.72
$166.05
52-Week Range
$48.40
$176.99
Volume
2.67 million shs
Average Volume
2.91 million shs
Market Capitalization
$1.10 billion
Assets Under Management
$1.16 billion
Dividend Yield
0.59%
Net Expense Ratio
0.96%
LABU stock logo

About Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU)

The Direxion Daily S&P Biotech Bull 3X Shares (LABU) is an exchange-traded fund that is based on the S&P Biotechnology Select Industry index. The fund provides daily 3 times exposure to the S&P Biotechnology Select Industry Index. LABU was launched on May 28, 2015 and is managed by Direxion.

LABU Stock Price History

LABU ETF News Headlines

The 3 Best Leveraged ETFs for April 2024
Tech GIANT’s Plans to Revolutionize Crypto…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
LABU: A Really Bad Drift
Direxion Daily S&P Biotech Bull 3X Shares (LABU)
LABU: Tool For Swing Traders
Tech GIANT’s Plans to Revolutionize Crypto…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Direxion Announces Reverse Splits of TMF and LABU
See More Headlines
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Fund Details

Issuer
Direxion
Fund Name
Direxion Daily S&P Biotech Bull 3x Shares
Tax Classification
Regulated Investment Company
Current Symbol
NYSEARCA:LABU
Inception Date
5/28/2015
Fund Manager
Paul Brigandi, Tony Ng
Web
N/A
Phone
N/A

Fund Focus

Asset Class
Equity
Benchmark
S&P Biotechnology Select Industry Index
Category
Sector
Focus
Health Care
Development Level
Developed Markets
Region
North America
Number of Holdings
162

Fund Statistics

Assets Under Management
$1.16 billion
Average Daily Volume
$2.39 million
Discount/Premium
-0.04%
Leveraged
3.00

Administrator, Advisor and Custodian

Administrator
U.S. Bancorp Fund Services, LLC
Advisor
Rafferty Asset Management, LLC
Custodian
The Bank of New York Mellon Corporation
Distributor
Foreside Fund Services, LLC
Transfer Agent
The Bank of New York Mellon Corporation
Trustee
N/A
Lead Market Maker
Virtu Financial

Options

Optionable
Optionable
Options Volume
4,321
Put Options
1,977
Call Options
2,344
Short Interest
1,320,000 shs

Miscellaneous

Beta
3.31
Creation Unit
50,000
Creation Fee
$250.00
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Direxion Daily S&P Biotech Bull 3x Shares Expenses

TypeLABUHealth Care ETFsEquity ETFsNYSEARCA ETFsAll ETFs
Management Fee0.75%0.56%0.54%0.51%0.51%
Other Expenses0.21%0.40%0.54%0.64%0.58%
Total Expense0.96%0.72%0.70%0.74%0.70%
Fee Waiver0.00%-0.53%-0.55%-0.68%-0.57%
Net Expense0.96%0.60%0.60%0.58%0.58%

Direxion Daily S&P Biotech Bull 3x Shares (LABU) Holdings & Exposure

Top 10 LABU Holdings

  • S&P BIOTECHNOLOGY SELECT INDUSTRY INDEX SWAP
    Holding Weight: 44.47%
  • S&P BIOTECHNOLOGY SELECT INDUSTRY INDEX SWAP
    Holding Weight: 42.41%
  • S&P BIOTECHNOLOGY SELECT INDUSTRY INDEX SWAP
    Holding Weight: 38.65%
  • S&P BIOTECHNOLOGY SELECT INDUSTRY INDEX SWAP
    Holding Weight: 38.55%
  • DREYFUS GOVT CASH MAN INS
    Holding Weight: 28.07%
  • S&P BIOTECHNOLOGY SELECT INDUSTRY INDEX SWAP
    Holding Weight: 26.03%
  • S&P BIOTECHNOLOGY SELECT INDUSTRY INDEX SWAP
    Holding Weight: 22.64%
  • S&P BIOTECHNOLOGY SELECT INDUSTRY INDEX SWAP
    Holding Weight: 20.97%
  • GOLDMAN FINL SQ TRSRY INST 506
    Holding Weight: 11.26%
  • DREYFUS TRSRY SECURITIES CASH MGMT
    Holding Weight: 1.95%

LABU Sector Exposure

LABU Industry Exposure


LABU ETF - Frequently Asked Questions

How have LABU shares performed in 2024?

Direxion Daily S&P Biotech Bull 3x Shares' stock was trading at $121.97 at the beginning of the year. Since then, LABU shares have decreased by 13.8% and is now trading at $105.10.
View the best growth stocks for 2024 here
.

What does LABU invest in?

Direxion Daily S&P Biotech Bull 3x Shares is a equity fund issued by Direxion. LABU focuses on health care investments and follows the S&P Biotechnology Select Industry Index. The fund's investments total to approximately $1.16 billion assets under management.

What stocks does Direxion Daily S&P Biotech Bull 3x Shares hold?
What is the management fee for Direxion Daily S&P Biotech Bull 3x Shares?

Direxion Daily S&P Biotech Bull 3x Shares' management fee is 0.75% and has other expenses of 0.21%. The net expense ratio for LABU is 0.96%.

When did Direxion Daily S&P Biotech Bull 3x Shares' stock split?

Direxion Daily S&P Biotech Bull 3x Shares's stock reverse split on the morning of Monday, December 4th 2023. The 1-20 reverse split was announced on Monday, December 4th 2023. The number of shares owned by shareholders was adjusted after the market closes on Monday, December 4th 2023. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Direxion Daily S&P Biotech Bull 3x Shares investors own include Micron Technology (MU), NVIDIA (NVDA), Direxion Daily S&P Biotech Bear 3x Shares (LABD), Alibaba Group (BABA), ProShares UltraPro QQQ (TQQQ), Advanced Micro Devices (AMD), Direxion Daily Semiconductors Bull 3x Shares (SOXL), Boeing (BA), Gilead Sciences (GILD).

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

Direxion Daily S&P Biotech Bull 3x Shares' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include TB Alternative Assets Ltd. (0.04%), Traynor Capital Management Inc. (0.00%), Gainplan LLC (0.05%), McGuire Investment Group LLC (0.05%), Quantbot Technologies LP (0.02%) and SG Americas Securities LLC (0.01%).

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

Shares of LABU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSEARCA:LABU) was last updated on 5/9/2024 by MarketBeat.com Staff

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