Direxion Daily S&P Biotech Bull 3X Shares (LABU)Trading--Leveraged Equity | Exchange Traded Fund | NYSEArca
295.76 USD
-35.47
(-10.709%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 296.75 +0.99 (0.335%) ⇧ (Aug. 28, 2026, 7:55 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 2:45 a.m. EDT
The immediate outlook is defined by a violent divergence between sentiment and price action. While the price recently rallied to $341, the options market has constructed a formidable 'floor' of downside protection with heavy put open interest at strikes significantly below current levels. This suggests smart money is hedging against a rapid collapse, likely triggered by the inherent decay of a 3x leveraged ETF or sector rotation. The recent price surge appears to be a volatile spike rather than a sustainable trend, as the statistical forecast model shows very low confidence in any directional move. For a long-term holder, the multi-year trajectory is catastrophic, having lost over 90% of its value despite a single year of recovery; the business quality here is irrelevant given the compounding drag of leverage. The dividend yield is negligible and serves only as a distraction. This is a high-risk tactical play for volatility, not a buy-and-hold investment. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.097972 |
| MSTL | 0.100175 |
| AutoETS | 0.109054 |
| AutoARIMA | 0.109075 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 37% |
| H-stat | 1.09 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.517 |
| Excess Kurtosis | -0.83 |
As of Aug. 22, 2026, 2:45 a.m. EDT: Speculators are aggressively positioning for a sharp decline, evidenced by massive open interest walls in deep out-of-the-money puts (strikes 150-215) expiring in late August and September, which represent nearly 100% of total put volume. Conversely, call activity is concentrated in the money and slightly out-of-the-money strikes (320-350), suggesting a 'long gamma' setup where traders profit from volatility expansion or a bounce, but the sheer density of downside protection indicates a fear of a crash rather than a bullish breakout.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.53% | 0.65% | 0.56% | 0.36% |
| Date | Dividend | Yield % |
|---|---|---|
| 2025-12-23 | 0.910 | 0.529963 |
| 2025-09-23 | 0.103 | 0.121234 |
| 2025-06-24 | 0.219 | 0.372069 |
| 2025-03-25 | 0.107 | 0.140734 |
| 2024-06-25 | 0.150 | 0.129949 |
| 2024-03-19 | 0.161 | 0.124893 |
| 2023-12-21 | 0.210 | 0.199962 |
| 2023-09-19 | 0.040 | 0.046296 |
| 2023-06-21 | 0.180 | 0.131387 |
| 2019-12-23 | 0.100 | 0.008030 |
| 2019-09-24 | 0.220 | 0.030995 |
| 2019-06-25 | 0.740 | 0.082314 |
| 2019-03-19 | 2.200 | 0.177391 |
| 2018-12-27 | 1.920 | 0.321608 |
| 2018-09-25 | 1.900 | 0.098814 |
| 2018-06-19 | 0.380 | 0.017645 |
| 2017-12-13 | 2.660 | 0.182868 |
| Attribute | Value |
|---|---|
| All Time High | 4,785.6 |
| All Time Low | 32.55 |
| Ask | 296.98 |
| Ask Size | 400 |
| Average Daily Volume10 Day | 442,030 |
| Average Daily Volume3 Month | 515,117 |
| Average Volume | 515,117 |
| Average Volume10Days | 442,030 |
| Beta3 Year | 3.26 |
| Bid | 294.5 |
| Bid Size | 800 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 322.9899 |
| Day Low | 294.7 |
| Dividend Yield | 0.45 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 276.2 |
| Fifty Day Average Change | 19.559998 |
| Fifty Day Average Change Percent | 0.07081824 |
| Fifty Two Week Change Percent | 288.13647 |
| Fifty Two Week High | 341.93 |
| Fifty Two Week High Change | -46.169983 |
| Fifty Two Week High Change Percent | -0.13502759 |
| Fifty Two Week Low | 71.88 |
| Fifty Two Week Low Change | 223.88 |
| Fifty Two Week Low Change Percent | 3.1146357 |
| Fifty Two Week Range | 71.88 - 341.93 |
| First Trade Date Milliseconds | 1,432,819,800,000 |
| Five Year Average Return | -0.2364847 |
| Full Exchange Name | NYSEArca |
| Fullday Change | -35.47 |
| Fullday Change Percent | -10.7086 |
| Fullday Price | 296.75 |
| 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 its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index, that, in combination, provide 3X daily leveraged exposure to 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 Global Industry Classification Standards ("GICS"). The fund is non-diversified. |
| Long Name | Direxion Daily S&P Biotech Bull 3X Shares |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_295054277 |
| Nav Price | 330.516 |
| Net Assets | 494,373,120.0 |
| Net Expense Ratio | 0.96 |
| Open | 322.785 |
| Phone | 866-476-7523 |
| Post Market Change | 0.98999023 |
| Post Market Change Percent | 0.33472756 |
| Post Market Price | 296.75 |
| Post Market Time | 1,787,961,358 |
| Previous Close | 331.23 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -35.47 |
| Regular Market Change Percent | -10.7086 |
| Regular Market Day High | 322.9899 |
| Regular Market Day Low | 294.7 |
| Regular Market Day Range | 294.7 - 322.9899 |
| Regular Market Open | 322.785 |
| Regular Market Previous Close | 331.23 |
| Regular Market Price | 295.76 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 528,702 |
| Short Name | Direxion Daily S&P Biotech Bull |
| Source Interval | 15 |
| Symbol | LABU |
| Three Year Average Return | 0.5152734 |
| Total Assets | 494,373,120 |
| Tradeable | 0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 28.13617 |
| Trailing Three Month Returns | 28.13617 |
| Triggerable | 1 |
| Two Hundred Day Average | 195.4712 |
| Two Hundred Day Average Change | 100.2888 |
| Two Hundred Day Average Change Percent | 0.51306176 |
| Type Disp | ETF |
| Volume | 528,702 |
| Yield | 0.0045 |
| Ytd Return | 42.79918 |