http://apiprod.etf.internal.com/private/fund/GUSH/fundreport
GUSH

GUSH

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares

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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LAST 10 TRADES
TIMEPRICESHARES
15:59:5920.97100
15:59:4020.98100
15:59:3720.99100
15:59:3720.99500
15:59:0020.96100
15:58:3720.9575
15:58:3220.95200
15:58:3220.95100
15:58:3220.95100
15:58:3220.95100
Bats BZX Real-time Quote - 18:30:15
Daily Spread
Premium/Discount
Volume

GUSH Factset Analytics Block Liquidity

As of 10/23/17
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

Direxion
05/28/15
Open-Ended Fund
1.07%
$119.03M
0.15%

GUSH Portfolio Data

14.69%
12/19/17

GUSH Index Data

Equal
Market Cap
N/A

GUSH Fund Structure

Yes
No
No Policy
N/A
N/A
Low
3
Daily

GUSH Tax Exposures

20% / 39.6%
--
No

GUSH Tradability

1,311,753
$25.55M
1,134,889
$22.44M
0.15%
0.05%
1.06% / -0.73%
None
50,000
22.7
0.02%
4,391
$22.54
N/A