GUSHDirexion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares
GUSH Fund Description
GUSH 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 Street’s XOP—an unlevered fund tracking the same index—GUSH 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.
GUSH CHARTS AND PERFORMANCE
GUSH Portfolio Data
GUSH Index Data
GUSH Fund Structure
GUSH Tax Exposures
GUSH Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of GUSH. GUSH is rated a 5 out of 5.