What is the Direxion daily S&P biotech Bull 3x fund?

The Direxion Daily S&P Biotech Bull 3X Fund (LABU) is an ETF that seeks to replicate 300% of the daily performance of its benchmark, the S&P Biotechnology Select Industry Index. The fund invests primarily in swap agreements and futures contracts that provide daily leveraged exposure to the benchmark index.

Are Direxion daily S&P biotech Bull & Bear 3x shares a good investment?

The Direxion Daily S&P Biotech Bull and Bear 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the S&P Biotechnology Select Industry Index. There is no guarantee the funds will achieve their stated investment objectives.

What is Direxion shares ETF Trust?

Direxion Shares ETF Trust - Direxion Daily S&P Biotech Bull 3X Shares is an exchange traded fund launched by Direxion Investments. It is managed by Rafferty Asset Management, LLC. It invests in public equity markets of the United States.