Direxion Daily S&P Biotech Bear 3X Shares (LABD)

• Market cap: $74M
• 1 day: 2.63%
• 5 days: 3.46%
• 1 month: -9.29%
• 3 months: -31.26%
• 6 months: -32.18%
• Year to date: -26.48%
• 1 year: -7.3%
• 5 years: -91.36%
• 10 years: -99.92%

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

474% more call options, than puts

Call options by funds: $11.5M | Put options by funds: $2.01M

67% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 3

40% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 5

13% more funds holding

Funds holding: 15 [Q1] → 17 (+2) [Q2]

23.18% less ownership

Funds ownership: 38.62% [Q1] → 15.44% (-23.18%) [Q2]

55% less capital invested

Capital invested by funds: $21.1M [Q1] → $9.43M (-$11.7M) [Q2]