Direxion Daily S&P Biotech Bear 3x Shares (NYSEARCA:LABD) Short Interest Up 43.7% in April

Posted by Patrick Bannon on Apr 30th, 2026

Direxion Daily S&P Biotech Bear 3x Shares (NYSEARCA:LABD – Get Free Report) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 1,842,594 shares, an increase of 43.7% from the March 31st total of 1,282,116 shares. Currently, 24.7% of the company’s stock are short sold. Based on an average daily volume of 7,691,862 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in Direxion Daily S&P Biotech Bear 3x Shares by 655.9% during the third quarter. JPMorgan Chase & Co. now owns 6,803 shares of the company’s stock valued at $275,000 after buying an additional 5,903 shares during the last quarter. Scientech Research LLC purchased a new position in Direxion Daily S&P Biotech Bear 3x Shares during the third quarter valued at $290,000. Tower Research Capital LLC TRC raised its stake in Direxion Daily S&P Biotech Bear 3x Shares by 87.9% during the second quarter. Tower Research Capital LLC TRC now owns 41,202 shares of the company’s stock valued at $308,000 after buying an additional 19,276 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in Direxion Daily S&P Biotech Bear 3x Shares during the third quarter valued at $983,000. Finally, BNP Paribas Financial Markets purchased a new position in Direxion Daily S&P Biotech Bear 3x Shares during the third quarter valued at $5,063,000.

Direxion Daily S&P Biotech Bear 3x Shares Trading Down 5.1%

Shares of LABD traded down $0.80 on Thursday, reaching $14.83. The stock had a trading volume of 3,563,547 shares, compared to its average volume of 4,304,291. The company has a 50-day simple moving average of $16.91 and a 200-day simple moving average of $20.97. Direxion Daily S&P Biotech Bear 3x Shares has a 12-month low of $12.47 and a 12-month high of $101.00.

About Direxion Daily S&P Biotech Bear 3x Shares

(Get Free Report)

The Direxion Daily S&P Biotech Bear 3X Shares (LABD) is an exchange-traded fund that is based on the S&P Biotechnology Select Industry index. The fund provides daily 3 times inverse exposure to the S&P Biotechnology Select Industry Index. LABD was launched on May 28, 2015 and is managed by Direxion.