GASLDirexion Daily Natural Gas Related Bull 3X Shares
GASL Fund Description
The Direxion Daily Natural Gas Related Bull ETF provides 3x daily exposure to an equal-weighted index of public companies significantly involved in the exploration and production of natural gas.
GASL Factset Analytics Insight
GASL provides daily 3x exposure to the ISE-Revere Natural Gas Index. This is the long version of sister-fund GASX, which provides 3x inverse exposure to the index. Simple long exposure can be had through First Trust's FCG. The fund achieves leverage primarily through the use of swap agreements, which carry counterparty risk. A list of holdings (including counterparties) is published daily on Direxion's website. Like all levered funds, GASL tends to underperform its target leverage in volatile markets if held for longer than its daily reset period, and is only suitable for short-term trading positions. Therefore, its high fee is less an issue than its liquidity. The fund has workable volume and spreads, although it's no match for the most liquid geared products.
GASL CHARTS AND PERFORMANCE
GASL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of GASL. GASL is rated a 5 out of 5.