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 State Streets XOPan unlevered fund tracking the same indexGUSH uses over-the-counter derivatives to achieve its objective. 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 one day. Compounding and path-dependency can cause significant deviations over longer time frames, so it's best used for single-day tactical plays.
It's worth noting that GUSH's index is equal weighted; market-cap weighting would require extreme concentration in a handful of major firms. As a result, GUSH exhibits a serious small-cap tilt and the elevated market risk that comes with it. GUSH's leverage factor only amplifies the potential for volatility. GUSH charges a typically steep fee for a geared fund, but trading costs are the predominant concern here. While spreads can be sizeable at times, ample trading volume means market can absorb some hefty orders.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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Daily Spread
Premium/Discount
Volume

GUSH Factset Analytics Block Liquidity

As of 01/12/18
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%
$128.76M
0.14%

GUSH Portfolio Data

6.67%
03/20/18

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

20.00% / 39.60%
--
No

GUSH Tradability

839,440
$23.38M
799,483
$20.94M
0.14%
0.06%
1.06% / -0.73%
None
50,000
15.99
0.02%
4,391
$35.72
N/A