DIREXION SHARES ETF TRUSTDIREXION SHARES ETF TRUSTDIREXION SHARES ETF TRUST

DIREXION SHARES ETF TRUST

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Key stats


Assets under management (AUM)
‪870.96 M‬USD
Fund flows (1Y)
‪−687.34 M‬USD
Dividend yield (indicated)
0.46%
Discount/Premium to NAV
1.5%

About DIREXION SHARES ETF TRUST


Issuer
Rafferty Asset Management LLC
Brand
Direxion
Expense ratio
0.96%
Inception date
May 28, 2015
Index tracked
S&P Biotechnology Select Industry
Management style
Passive
LABU is a daily 3x leveraged bet on an equal-weighted index of US biotech stocks. The vast majority of the fund's exposure is to biotechnology and medical research but also captures significant exposure to pharmaceuticals as well. As a leveraged product, the fund is not a buy-and-hold investment. It gets its leverage exposure through a portfolio of derivatives contracts that gets rebalanced at the end of each trading day. Because of that, the fund's return for periods longer than a day becomes path-dependent and is likely to be different from 3x the return of the index for the same period. This makes LABU suitable primarily for short-term traders. Over time, compounding effects can lead to profound differences in expected returns relative to the index.

Classification


Asset Class
Equity
Category
Sector
Focus
Health care
Niche
Biotechnology
Strategy
Equal
Weighting scheme
Equal
Selection criteria
Market cap
What's in the fund
Exposure type
StocksBonds, Cash & Other
Health Technology
Cash
Stock breakdown by region
100%

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