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Top Performing Leveraged/Inverse ETFs: 03/03/2024
These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
4 Best Inverse/Leveraged ETF Areas of Last Week
Wall Street offered mixed performance last week.
LABU: A Really Bad Drift
Leveraged ETFs have a non-linear, unpredictable behavior. Here is a drift dashboard with 22 leveraged ETFs. Direxion Daily S&P Biotech Bull 3X Shares ETF is the worst. LABU is an instrument for seasoned traders with planned entry and exit signals. Without a tested strategy and daily monitoring, it is an accident waiting to happen.
5 Best-Performing Leveraged ETFs of February
U.S. stocks rallied in February, with the S&P 500 and the Nasdaq Composite Index recording the best month in nearly a decade.
Early IPO Activity Could Spell Bullishness for Biotech Industry
Since the end of October 2023, the S&P 500 Biotechnology Select Industry Index jumped over 30%. It could maintain its upward trajectory given the early IPO activity in 2024 thus far.
5 Leveraged ETFs That Are Up More Than 50% in December
The demand for leveraged ETFs have increased as investors seek to register big gains in a short span.
Top Performing Leveraged/Inverse ETFs: 12/17/2023
Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
Best Inverse/Leveraged ETFs of Last Week
Wall Street was upbeat last week. Stocks closed their longest winning streak since 2017.
LABU: Buy As The Biotech Sector Starts A New Bull Market (Technical Analysis)
Seeking Alpha Quant rates LABU as a strong Sell, but I rates it as a Buy due to bullish market conditions. LABU is a leveraged ETF that seeks to track 3x the daily performance of the S&P Biotechnology Select Industry Index. I believe LABU has strong momentum and is outperforming the broad market, making it a favorable investment.
LABU: Tool For Swing Traders
The Direxion Daily S&P Biotech Bull and Bear 3X Shares (LABU) provides 3x daily exposure to a biotechnology index. Levered ETFs like LABU are designed for short-term trading and may suffer tracking errors from positive convexity and volatility decay. LABU can be used as a swing trading tool for experienced traders, taking advantage of positive convexity and macro tailwinds in biotech stocks.
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LABU Frequently Asked Questions
What is Direxion Daily S&P Biotech Bull 3X Shares stock symbol ?
Direxion Daily S&P Biotech Bull 3X Shares is a US stock and trading under the symbol LABU
What is Direxion Daily S&P Biotech Bull 3X Shares stock quote today ?
Direxion Daily S&P Biotech Bull 3X Shares stock price is $132.72 today.
Is Direxion Daily S&P Biotech Bull 3X Shares stock public?
Yes, Direxion Daily S&P Biotech Bull 3X Shares is a publicly traded company.