GUSH

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares

$24.82

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

GUSH seeks to provide daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index.

Overview

ETF tracking Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares

Category Energy

Issuer Other

Inception Date 2015-05-28

Market Cap $249.8M

Average Volume N/A

Dividend Yield 2.57%

52-Week Range $15.62 - $35.36

VWAP $24.32

Performance

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Price Chart

Investment Summary

📎 Investment Objective

GUSH seeks to provide daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index.

🎯 Investment Strategy

The fund uses a combination of financial instruments, such as futures contracts and swaps, to achieve its 2x daily leveraged exposure to the index. It does not invest directly in the underlying stocks.

✨ Key Features

Provides 2x daily leveraged exposure to the S&P Oil & Gas Exploration & Production Select Industry Index
Designed for short-term trading and not intended for long-term buy-and-hold investors
Utilizes derivatives to achieve its leveraged objective
Has low assets under management and has not been trading long enough to establish a performance history

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for increased volatility and deviation from the target index performance
Risks associated with the use of derivatives, including counterparty risk
Lack of performance history and low assets under management

👤 Best For

This ETF is best suited for experienced, risk-tolerant investors with a short-term trading horizon who are looking for leveraged exposure to the oil and gas exploration and production industry. It is not recommended for long-term buy-and-hold investors or those with a low risk tolerance.