Direxion Daily S&P Biotech Bull 3X Shares LABU
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Direxion Daily S&P Biotech Bull 3X Shares (LABU) Investment Strategy and Portfolio Holdings Overview
The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments and securities of the index, exchange-traded funds ("ETFs") that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index is designed to measure the performance of the biotechnology sub-industry based on the Global Industry Classification Standards ("GICS"). The fund is non-diversified.
Key Insights
Direxion Daily S&P Biotech Bull 3X Shares (LABU) Essential ETF Metrics and Performance Data
Latest Closing Price
$77.97Market Cap
$530.19 MillionAverage Daily Volume
2,214,991 Shares52-Week Range
$32.55-$152.60Total Outstanding Shares
9.32 Million SharesCurrent Dividend
$0.22 Per Share QuarterlyInception Date
May 28, 2015