GUSH

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares
CLOSING PRICECHANGE (%)VOLUME
$28.93-0.01 (-0.04%)437.55K
4:00:00 p.m. (ET) 05/23/2017
BZX EXCHANGE CLOSED
LAST TRADECHANGE (%)
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BID SIZEBID ($)ASK ($)ASK SIZE
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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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LAST 10 TRADES
TIMEPRICESHARES
15:53:5128.93100
15:52:2328.9111
15:52:2328.91100
15:51:4828.91100
15:50:3228.92300
15:45:3528.82100
15:43:3228.79100
15:33:2528.81112
15:33:2528.81100
15:32:1228.88100
Bats BZX Real-time Quote - 18:43:47
Average Spread
Premium/Discount
Volume

GUSH FactSet Analytics Block Liquidity

As of 05/23/17
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%
$148.6 M

GUSH Portfolio Data

11.44%
06/20/17

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%
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No

GUSH Tradability

593,502
$26.97 M
478,419
$24.51 M
0.17%
-0.01%
0.29% / -0.85%
None
50,000
9.57
0.02%
4,391
$28.94
N/A