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The Fund seeks daily investment results, before fees and expenses, of 300% of the daily performance of the S&P Biotechnology Select Industry Index (the "Index"). 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"). The Fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, securities of the Index, and exchange-traded funds ("ETFs") that track the Index, that, in combination, provide 3X daily leveraged exposure to the Index, consistent with the Fund's investment objective. The financial instruments in which the Fund most commonly invests are swap agreements and futures agreements which are intended to produce economically leveraged investment results.
Direxion Daily S&P Biotech Bull 3X ETF trades on the ARCA stock market under the symbol LABU.
As of July 10, 2026, LABU stock price declined to $293.84 with 876,240 million shares trading.
LABU has a beta of 2.52, meaning it tends to be more sensitive to market movements. LABU has a correlation of 0.18 to the broad based SPY ETF.
LABU has a market cap of $683.03 million. This is considered a Small Cap stock.
In the last 3 years, LABU traded as high as $333.00 and as low as $32.55.
LABU has outperformed the market in the last year with a price return of +340.4% while the SPY ETF gained +22.2%. LABU has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +61.3% and +14.0%, respectively, while the SPY returned +11.3% and +2.8%, respectively.
LABU support price is $306.49 and resistance is $342.03 (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 LABU shares will trade within this expected range on the day.
