GASX

Direxion Daily Natural Gas Related Bear 3x Shares
*Unless otherwise stated, data provided by FactSet.

GASX Fund Description

GASX provides -3x daily exposure to an equal-weighted index of public companies significantly involved in the exploration and production of natural gas.

GASX Factset Analytics Insight

GASX provides 3x inverse daily exposure to the ISE-Revere Natural Gas Index. This is the short version of sister-fund GASL, which provides 3x long exposure to the index. The fund is now back on the market (relaunched Dec 2015) after Direxion closed it in Sep 2014 for the lack of investor interest. GASX achieves leverage through the use of swap agreements, which carry counterparty risk. The list of these counterparties is published on Direxion’s website. As is the case with all levered funds, GASX tends to underperform its target leverage in volatile markets if held for longer than its daily reset period. Because of that the fund is only suitable for short-term trading positions barring a robust rebalancing approach.

GASX CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 12/13/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
GASX 32.52% 87.93% 58.60% 31.10% -47.82% -- --
GASX (NAV) 32.20% 88.13% 58.51% 30.96% -47.80% -- --
ISE-REVERE Natural Gas Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

GASX Summary Data

Direxion
12/03/15
Open-Ended Fund
1.08%
$4.62M
0.54%

GASX Portfolio Data

0.24%
12/27/18

GASX Index Data

Equal
Multi-Factor
N/A

GASX Fund Structure

Yes
No
No Policy
N/A
N/A
High
-3
Daily

GASX Tax Exposures

20.00% / 39.60%
--
No
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

GASX Factset Analytics Block Liquidity

As of 12/14/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of GASX. GASX is rated a N/A out of 5.

GASX Tradability

14,466
$389.84K
12,604
$338.28K
0.54%
$0.15
0.00%
1.48% / -2.18%
None
0.00%
50,000
0.25
0.00%
--
1,132
$37.11
N/A