Direxion Daily S&P Biotech Bear 3X ETF (LABD) closed at $7.08 on November 3, 2026, down 5.7% from the previous close, on volume of 24,810,550 shares (30-day average 24,608,958).
Data as of November 3, 2026.
3-Nov-2026
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Bullish On LABD? You Might Want To Consider This Credit Put Spread Expiring in 15 Days
Market Chameleon (Thu, 10-Apr 9:51 AM ET)
The Direxion Daily S&P Biotech Bear 3X ETF (the "Fund") seeks daily inverse leveraged (-3X) investment results and is very different from most other exchange-traded funds. As a result, the Fund may be riskier than alternatives that do not use leverage because the Fund's objective is to magnify the daily inverse performance of the S&P Biotechnology Select Industry Index (the "Index"). The return for investors that invest for periods longer or shorter than a trading day should not be expected to be -300% of the performance of the Index for the period. The Index is provided by S&P Dow Jones Indices (the "Index Provider") and includes domestic companies from the biotechnology industry. The Index is a modified equal- weighted index that is designed to measure the performance of the biotechnology sub-industry based on the Global Industry Classification Standards ("GICS").
Direxion Daily S&P Biotech Bear 3X ETF trades on the ARCA stock market under the symbol LABD.
As of November 3, 2026, LABD stock price declined to $7.08 with 24,810,550 million shares trading.
LABD has a beta of -2.95, meaning it tends to be less sensitive to market movements. LABD has a correlation of 0.20 to the broad based SPY ETF.
LABD has a market cap of $76.86 million. This is considered a Micro Cap stock.
In the last 3 years, LABD traded as high as $272.40 and as low as $5.81.
LABD has underperformed the market in the last year with a price return of -73.1% while the SPY ETF gained +11.7%. LABD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -23.4% and -14.6%, respectively, while the SPY returned +1.2% and -1.6%, respectively.
LABD support price is $7.00 and resistance is $8.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LABD shares will trade within this expected range on the day.
