What kind of stock is GUSH?
GUSH ETF Info
|Underlying Index||S&P Oil & Gas Exploration & Production Select Industry Index|
|Assets Under Management (AUM)||781.42K|
Is GUSH an ETF stock?
A leveraged ETF from Direxion, GUSH offers a sophisticated investor a tool to extract a higher return for the same amount of capital from the Exploration & Production sub-index.
What stocks does GUSH hold?
Top 25 Holdings
|Company||Symbol||Total Net Assets|
|Financial Square Treasury Instruments Fund FST Shares||FTIXX||16.10%|
|Valero Energy Corp.||VLO||1.51%|
|Devon Energy Corp.||DVN||1.45%|
What is GUSH invested in?
The Fund seeks to provide daily investment results of 200% of the performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The Fund creates short positions by investing at least 80% of its assets in swap agreements; options on securities and indices; forward contracts.
Why is GUSH stock down?
Bull 2X Shares ETF (GUSH) fell by over 97% during the first 11 months of 2020. This terrible performance can be traced to a collapse in oil prices caused by a supply glut due to a price war between Saudi Arabia and Russia and a dramatic drop in demand driven by the global crisis.
What does GUSH ETF Track?
The Direxion Daily S&P Oil & Gas Exp. & Prod. Bull (GUSH) and Bear (DRIP) 2X Shares seek daily investment results, before fees and expenses, of 200%, or 200% of the inverse (or opposite), of the performance of the S&P Oil & Gas Exploration & Production Select Industry Index.
Did GUSH do a reverse stock split?
Massive Reverse Splits Announced
On Tuesday, Direxion announced a 1-for-40 reverse split for GUSH, as well as a 1-for-10 split for the more broadly based Direxion Daily Energy Bull 3x Shares (ERX), and a whopping 1-for-100 split for GASL.
What is direxion daily stock?
The Direxion Daily S&P 500® Bull (SPXL) and Bear (SPXS) 3X Shares seeks daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the S&P 500® Index. There is no guarantee the funds will meet their stated investment objectives.