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Vontobel Holding Ltd Takes $80,000 Position in Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU)

Vontobel Holding Ltd. purchased a new stake in Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU – Get Rating) during the 2nd quarter, Holdings Channel reports. The firm purchased 11,900 shares of the company’s stock, valued at approximately $80,000. Several other large investors have also modified their holdings of LABU. Simplex Trading LLC increased its […]

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3 ETFs to Avoid in October

The Federal Reserve raised the benchmark interest rate by 75 basis points last month for the third consecutive time after August’s consumer price index (CPI) increased higher than expected. The fifth-straight hike this year to the federal funds rate brings it to a range of 3% to 3.25%, the highest since 2008. The Fed’s new projections show […]

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