LABU
The Direxion DIREXION DAILY S&P BIOTECH BULL 3X SHARES DIREXION DAILY S&P BIOTECH BULL 3X SHARES (LABU) is an exchange-traded fund (ETF) that tracks the performance of the S&P Biotechnology Select Industry Index. The fund is managed by Direxion and was launched in 2015.
The S&P Biotechnology Select Industry Index is an equal-weighted index that tracks U.S.-listed companies in the biotechnology sub-industry as defined by the Global Industry Classification Standard (GICS). It includes both large-cap and small-cap biotech firms, giving significant weight to earlier-stage, higher-growth names.
LABU is a passively managed index ETF that seeks to replicate the holdings and performance of its benchmark with low tracking error. It is suitable for investors seeking broad, low-cost market exposure.
This is used in this portfolio Plays