Direxion Shares Exchange Traded Fund Trust - Daily S&P Biotech Bull 3X Shares is an open-end management investment company. The Fund seeks daily investment results, before fees and expenses that correspond to the S&P Biotechnology Select Industry Index. As of Oct 31 2015, the Fund's total assets were $145,422,809 and the Fund's investments portfolio was valued at $92,545,132. We show 238 historical shares outstanding datapoints in our LABU shares outstanding history coverage, used to compute LABU market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing LABU market cap history over the course of time is important for investors
interested in comparing LABU's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of LABU versus a peer is one thing; comparing
LABU market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like LABU can fluctuate over the course of history.
With this page we aim to empower investors researching LABU by allowing them to research the LABU market cap history. |
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Video: The Importance of Market Cap
