LABD – Direxion Daily S&P Biotech Bear 3X Shares
Direxion Daily S&P Biotech Bear 3X Shares (LABD) is a Trading--Inverse Equity ETF, issued by Direxion Funds, $78.2M in assets, 1.15% expense ratio.
Returns as of Oct 23, 2026: 1 week -11.2%, 1 year -77.5%.
3X daily inverse exposure to S&P Biotech Index. Uses financial instruments like swaps and futures to achieve short biotechnology sub-industry performance.
Top holdings
- DAPXX – Dreyfus Government Securities Cash Management Administrative Shares, 62.3%
- FGTXX – Goldman Sachs Financial Square Government Fund Institutional Shares, 13.0%