GUSH

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares
LAST TRADECHANGE (%)VOLUME
$15.27-0.06 (-0.39%)315.48K
10:24:14 a.m. (ET) 08/18/2017
BID SIZEBID ($)ASK ($)ASK SIZE
1,40015.2515.291,500

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 daily 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
ASKS1,00015.33
1,30015.32
1,40015.31
1,30015.30
1,50015.29
BIDS1,40015.25
40015.24
60015.23
1,00015.22
60015.21
LAST 10 TRADES
TIMEPRICESHARES
10:24:1415.27100
10:24:1415.27100
10:24:1415.27100
10:24:1415.28200
10:23:3815.29100
10:21:3215.32100
10:17:2115.37100
10:15:2515.38396
10:15:2515.38104
10:12:2215.33100
Bats BZX Real-time Quote - 10:24:41
Daily Spread
Premium/Discount
Volume

GUSH FactSet Analytics Block Liquidity

As of 08/17/17
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%
$149.89 M

GUSH Portfolio Data

20.67%
09/19/17

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%
--
No

GUSH Tradability

1,521,330
$29.83 M
1,247,744
$26.23 M
0.23%
0.02%
0.66% / -0.85%
None
50,000
24.95
0.03%
4,391
$16.00
N/A