GUSH

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares
LAST TRADECHANGE (%)VOLUME
$70.15+4.53 (6.90%)157.32K
11:22:10 a.m. (ET) 03/29/2017
BID SIZEBID ($)ASK ($)ASK SIZE
20070.1570.34100

GUSH Fund Description

The Direxion Daily S&P Oil & Gas Exploration & Production Bull 3X Shares ETF provides 3x daily exposure to an equal-weighted index of the largest oil and gas exploration and production companies in the US.

GUSH FactSet Analytics Insight

GUSH seeks to deliver 300% of the dailyonly suited for very-risk-tolerant investors performance of the S&P Oil & Gas Exploration & Production Select Industry Index. Unlike XOP—the unlevered ETF from State Street following the same index—which physically holds the securities in the index, GUSH uses over-the-counter derivatives to achieve its objective.

Because of its equal-weighting, the underlying index exhibits a small company tilt and elevated market risk. The triple leverage of the fund pushes this market beta close to 4. As a result, GUSH is extremely volatile and only suited for very-risk-tolerant investors.

As with all levered and inverse funds, GUSH should not be expected to deliver 3 times the performance of its index for periods longer than 1 day—compounding and path-dependency can cause significant deviations over longer time frames.

GUSH is clearly meant as a tool for placing tactical bets and not as a permanent holding in a portfolio. As such, the costs of getting in and out of the fund—spreads and any premium/discount—are more important than the fund’s high expense ratio. In this respect, it remains to be seen if GUSH achieves enough liquidity to become a viable option for placing short-term bets on the direction of the energy exploration and production sector.

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Select ETFs to compare their performance:
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS10070.80
10070.53
10070.44
10070.41
10070.34
BIDS20070.15
10070.14
10070.11
10070.09
10069.91
LAST 10 TRADES
TIMEPRICESHARES
11:22:1070.1545
11:22:1070.15100
11:21:4670.00100
11:21:4170.00100
11:19:0769.75300
11:19:0769.75100
11:18:2969.75100
11:18:1769.70100
11:17:2069.78100
11:15:2269.85120
Bats BZX Real-time Quote - 11:23:58
Average Spread
Premium/Discount
Volume

GUSH FactSet Analytics Block Liquidity

As of 03/28/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of GUSH. GUSH is rated a N/A out of 5.

GUSH Summary Data

05/28/15
Open-Ended Fund
1.07%
$110.89 M

GUSH Portfolio Data

5.45%
N/A

GUSH Index Data

Equal
Market Cap
N/A

GUSH Fund Structure

Yes
No
0% / 100%
N/A
N/A
Low
3x
Daily

GUSH Tax Exposures

20.00% / 39.60%
--
No

GUSH Tradability

344,774
$26.69 M
303,565
$24.1 M
0.15%
-0.02%
0.29% / -0.85%
None
50,000
6.07
0.01%
3,186
$60.83
N/A