What type of stock is gush?

What kind of stock is GUSH?

GUSH ETF Info

Issuer Direxion Investments
Underlying Index S&P Oil & Gas Exploration & Production Select Industry Index
Asset Class Equity
Sector Natural Resources
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%
EQT Corp. EQT 1.49%
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.

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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.