Direxion Daily S&P Biotech Bear 3X Shares (LABD)Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
8.05 USD
-0.59
(-6.829%) ⇩
(Oct. 15, 2026, 4 p.m.
EDT)
After hours: 8.07 +0.02 (0.248%) ⇧ (Oct. 15, 2026, 7:52 p.m. EDT) |
Hot Take ↕ | Oct. 10, 2026, 6:04 a.m. EDT
This instrument is a leveraged inverse ETF designed to profit from a collapsing biotech sector, yet the underlying trend is a catastrophic, multi-year decline where the asset has lost nearly 99.9% of its value over the last nine years. The recent price action shows a slight recovery, but the market has clearly rejected any bounce, as evidenced by the overwhelming options positioning in deep puts and the absence of meaningful call support. The 'dividend' is a dangerous illusion; payouts have been slashed by over 90% year-over-year as the fund manager attempts to preserve capital against a relentless downward drift, signaling that the fund is effectively bleeding dry. With the underlying index likely to remain under pressure, this security offers no safe harbor and serves only as a high-risk vehicle for betting on further biotech carnage. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.099255 |
| AutoETS | 0.197816 |
| AutoARIMA | 0.198515 |
| MSTL | 0.228886 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 33% |
| H-stat | 8.38 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.507 |
| Excess Kurtosis | -0.85 |
As of Oct. 10, 2026, 6:04 a.m. EDT: Speculators are positioning heavily for continued downside, evidenced by massive open interest walls in deep out-of-the-money puts (strikes $17-$55) and significant volume in lower strikes ($4-$8). Conversely, call activity is concentrated near the money or slightly out-of-the-money, with negligible volume in deep calls, indicating a lack of bullish conviction despite some IV spikes at extreme strikes.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.08% | 3.43% | 3.64% | 2.86% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-09-22 | 0.071 | 1.082317 |
| 2026-06-23 | 0.075 | 0.773994 |
| 2026-03-24 | 0.085 | 0.407283 |
| 2025-12-23 | 0.229 | 1.167176 |
| 2025-09-23 | 0.260 | 0.577778 |
| 2025-06-24 | 0.370 | 0.512465 |
| 2025-03-25 | 0.550 | 0.715215 |
| 2024-12-23 | 1.260 | 1.844802 |
| 2024-09-24 | 0.580 | 0.996564 |
| 2024-06-25 | 0.890 | 1.232687 |
| 2024-03-19 | 0.660 | 0.875332 |
| 2023-12-21 | 0.850 | 0.742358 |
| 2023-09-19 | 1.920 | 1.044614 |
| 2023-06-21 | 1.000 | 0.796813 |
| 2023-03-21 | 2.180 | 1.038095 |
| 2022-12-20 | 0.920 | 0.482940 |
| 2020-03-24 | 10.000 | 0.304507 |
| 2019-12-23 | 2.800 | 0.122058 |
| 2019-09-24 | 11.800 | 0.264693 |
| 2019-06-25 | 17.400 | 0.427939 |
| 2019-03-19 | 11.200 | 0.304513 |
| 2018-12-27 | 38.200 | 0.401936 |
| 2018-09-25 | 17.200 | 0.363483 |
| 2018-06-19 | 4.800 | 0.102215 |
| 2018-03-20 | 8.000 | 0.123839 |
| Attribute | Value |
|---|---|
| All Time High | 207,240.0 |
| All Time Low | 5.54 |
| Ask | 8.06 |
| Ask Size | 182,800 |
| Average Daily Volume10 Day | 27,032,860 |
| Average Daily Volume3 Month | 18,502,379 |
| Average Volume | 18,502,379 |
| Average Volume10Days | 27,032,860 |
| Beta3 Year | -3.08 |
| Bid | 8.0 |
| Bid Size | 179,400 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 8.55 |
| Day Low | 7.89 |
| Display Name | Dly S&P Biotech Bear 3X Shares |
| Dividend Yield | 6.53 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 7.189 |
| Fifty Day Average Change | 0.86100006 |
| Fifty Day Average Change Percent | 0.11976632 |
| Fifty Two Week Change Percent | -73.15103 |
| Fifty Two Week High | 33.5 |
| Fifty Two Week High Change | -25.45 |
| Fifty Two Week High Change Percent | -0.7597015 |
| Fifty Two Week Low | 5.81 |
| Fifty Two Week Low Change | 2.2400002 |
| Fifty Two Week Low Change Percent | 0.3855422 |
| Fifty Two Week Range | 5.81 - 33.5 |
| First Trade Date Milliseconds | 1,432,819,800,000 |
| Five Year Average Return | -0.45365822 |
| Full Exchange Name | NYSEArca |
| Fullday Change | -0.5600004 |
| Fullday Change Percent | -6.481486 |
| Fullday Price | 8.05 |
| Fund Family | Direxion Funds |
| Fund Inception Date | 1,432,771,200 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund, under normal circumstances, invests at least 80% of the fund’s net assets in financial instruments, including swap agreements, futures contracts, or short positions, that, in combination, provide 3X daily inverse (opposite) or short exposure to the index or to ETFs that track the index, consistent with the fund’s investment objective. The index is designed to measure the performance of the biotechnology sub-industry based on the GICS. The fund is non-diversified. |
| Long Name | Direxion Daily S&P Biotech Bear 3X Shares |
| Market | us_market |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_295054278 |
| Nav Price | 8.603 |
| Net Assets | 138,401,296.0 |
| Net Expense Ratio | 1.07 |
| Open | 8.43 |
| Phone | 866-476-7523 |
| Post Market Change | 0.019999504 |
| Post Market Change Percent | 0.24844104 |
| Post Market Price | 8.07 |
| Post Market Time | 1,792,108,364 |
| Previous Close | 8.64 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.59 |
| Regular Market Change Percent | -6.82871 |
| Regular Market Day High | 8.55 |
| Regular Market Day Low | 7.89 |
| Regular Market Day Range | 7.89 - 8.55 |
| Regular Market Open | 8.43 |
| Regular Market Previous Close | 8.64 |
| Regular Market Price | 8.05 |
| Regular Market Time | 1,792,094,400 |
| Regular Market Volume | 20,985,875 |
| Short Name | Direxion Daily S&P Biotech Bear |
| Source Interval | 15 |
| Symbol | LABD |
| Three Year Average Return | -0.6547264 |
| Total Assets | 138,401,296 |
| Tradeable | 0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -7.76441 |
| Trailing Three Month Returns | -7.76441 |
| Triggerable | 1 |
| Two Hundred Day Average | 13.0412 |
| Two Hundred Day Average Change | -4.9911995 |
| Two Hundred Day Average Change Percent | -0.38272548 |
| Type Disp | ETF |
| Volume | 20,985,875 |
| Yield | 0.0653 |
| Ytd Return | -65.81141 |