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LABD / LABU And LABD: Another Attractive Double-Short Pairs Trade

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 assets is attractive because leveraged assets erode over time due to their higher beta and inability to stay correlated over longer timeframes. The performance of the couple is dependent on the behavior of the underlying, with the short couple expected to lose value during strong trends. Read More
Posted: Sep 29 2023, 16:50
Author Name: Seeking Alpha
Views: 1122100

LABD News  

LABU And LABD: Another Attractive Double-Short Pairs Trade

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 more_horizontal

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

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 more_horizontal

5 Best Leveraged ETFs of Last Week

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. more_horizontal

The Sell Rating Of LABD Is Reaffirmed

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 more_horizontal

LABD: 3X Leveraged Investments Not Suitable For Long Term

By Seeking Alpha
March 18, 2022

LABD: 3X Leveraged Investments Not Suitable For Long Term

3X inverse derivative investments are extremely volatile and risky. more_horizontal


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