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LABD / LABD: 3X Leveraged Inverse Fund In Biotechnology Sector Is Best Avoided

Direxion Daily S&P Biotech Bear 3X Shares ETF failed to generate decent yield & price growth over the past 90 months. I don't foresee this fund generating positive growth in the near future, either. LABD has a high expense ratio, and its investments in derivatives enhance the chances of default. Its drift is also at its worst since the fund's inception. LABD is a short-term trading tool for seasoned traders who have a strategy with clear entry and exit signals, and have a strong understanding of leverage. Read More

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Content Topics

LABD

Leveraged

Inverse

Fund

Biotechnology

Sector

Best

Avoided

Stock

Posted: Jul 21 2023, 15:03

Author Name: Seeking Alpha

LABD News

By Seeking Alpha
September 29, 2023

LABU And LABD: Another Attractive Double-Short Pairs Trade

Pairing Direxion Daily's S&P Biotech Bull 3X Shares ETF with their S&P Biotech Bear 3X Shares ETF produces a low volatility couple. Shorting both asse

By Seeking Alpha
July 21, 2023

LABD: 3X Leveraged Inverse Fund In Biotechnology Sector Is Best Avoided

Direxion Daily S&P Biotech Bear 3X Shares ETF failed to generate decent yield & price growth over the past 90 months. I don't foresee this fund genera

By Zacks Investment Research
March 27, 2023

5 Best Leveraged ETFs of Last Week

Wall Street was upbeat last week. Abating banking crisis and a less-hawkish Fed led to the rally in Wall Street.

By Seeking Alpha
November 3, 2022

The Sell Rating Of LABD Is Reaffirmed

Since July 8 when I rated LABD a SELL, the underlying biotechnology index has moved very little up or down; LABD declined 25.22%. The biotechnology se

By Seeking Alpha
March 18, 2022

LABD: 3X Leveraged Investments Not Suitable For Long Term

3X inverse derivative investments are extremely volatile and risky.

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