GUSH is a leveraged ETF that allows investors to double their money on a long position in the exploration and production industry. GUSH uses borrowed capital to maintain a $2 exposure for every $1 in the index, as its name suggests.
Is GUSH 2X or 3X in strength?
During the first 11 months of 2020, the Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF (GUSH) plummeted by nearly 97 percent. This poor performance can be attributed to a supply surplus produced by a price war between Saudi Arabia and Russia, as well as a sharp decline in demand induced by the worldwide crisis. Demand for further oil and gas exploration was effectively stifled as a result.
Unfortunately for GUSH investors, the S&P Oil & Gas Exploration & Production Select Industry Index has a 2x leveraged daily exposure. To reduce concentration in a small number of significant-sized enterprises, GUSH weights its index evenly, but this did not help much in 2020.
As of November 2020, GUSH had a gross expense ratio of 1.05 percent, up from 1.05 percent when it first began in May 2015.
What is the foundation of the GUSH ETF?
Standard & Poor’s Index Provider provides the S&P Oil & Gas Exploration & Production Select Industry Index (SPSIOPTR), which covers domestic firms in the oil and gas exploration and production sub-industry. The Index is intended to assess the performance of a sub-industry or set of sub-industries based on Global Industry Classification Standards (GICS). An index cannot be purchased directly.
What causes the GUSH stock to rise?
seeks daily investment returns equal to 200 percent of the S&P Oil & Gas Exploration & Production Select Industry Index’s daily performance. Under normal conditions, the fund invests at least 80% of its net assets (including borrowing for investment purposes) in index financial instruments and securities, index ETFs, and other financial instruments that provide daily leveraged exposure to the index or index ETFs.
Is it safe to invest in GUSH?
United States Oil Fund (USO), Bull 2X Shares (GUSH), and ProShares Ultra Bloomberg Crude Oil (UCO). These oil ETFs are high-risk assets that novice traders should avoid.
Is GUSH a stock or an exchange-traded fund (ETF)?
GUSH, a Direxion leveraged ETF, allows a savvy investor to extract a larger return for the same amount of capital by investing in the Exploration & Production sub-index.
Was there a reverse stock split at GUSH?
A 1-for-40 reverse stock split has been announced by & Prod. Bull 3X Shares (GUSH). Each GUSH ETF will be converted into the right to receive 0.025 (New) Direxion Daily S&P Oil & Gas Exp. as a result of the reverse stock split.
Experts view, Buy Sell signalsfor Direxion Daily S&P Oil & Gas Ex GUSH are here
This week’s DirexionDaily trend is negative, implying that DirexionDaily target forecasts on the downside have a stronger likelihood. This week’s DirexionDaily goals are 95.67 and 106.2 on the upside, and 79.87 and 69.34 on the downside.
On the upside, DirexionDaily target predictions for 14 Fri January 2022 are 103.47, 99.52, 95.57, and on the downside, 72.07, 76.02, 79.97.
On the upside, DirexionDaily goal predictions for 21 Fri January 2022 are 108.56, 100.71, 92.86, and on the downside, 66.98, 74.83, 82.68.
On the upside, DirexionDaily target predictions for 28 Fri January 2022 are 113.84, 103.45, 93.05, and on the downside, 61.7, 72.1, 82.49.
On the upside, DirexionDaily target predictions for 04 Fri February 2022 are 122.65, 109.62, 96.58, and on the downside, 52.89, 65.93, 78.96.
On the upside, DirexionDaily target predictions for 11 Fri February 2022 are 129.77, 112.33, 94.89, and on the downside, 45.77, 63.21, 80.65.
On the upside, DirexionDaily goal predictions for 18 Fri February 2022 are 137.73, 116.73, 95.73, and on the downside, 37.81, 58.81, 79.81.
This month’s DirexionDaily trend is negative, implying that downside DirexionDaily goal forecasts have a stronger likelihood. This month’s DirexionDaily goals are 104.45 and 144.82 on the upside, and 71.09 and 58.81 on the downside.
For February 2022, DirexionDaily forecasts 113.15, 104.81, 96.47 on the upside and 62.39, 70.73, 79.07 on the downside.
On the upside, DirexionDaily forecasts 126.69, 114, 101.31 for March 2022, and on the downside, 48.85, 61.54, 74.23.
On the upside, DirexionDaily’s April 2022 goal predictions are 142.62, 123.16, 103.7, and on the downside, 32.92, 52.38, 71.84.
On the upside, DirexionDaily forecasts 159.01, 131.59, 104.16 for May 2022, and on the downside, 16.53, 43.96, 71.38.
On the upside, DirexionDaily forecasts 170.54, 134.92, 99.3 for June 2022, and on the downside, 5, 40.62, 76.24.
On the upside, DirexionDaily’s objective projection for July 2022 is 181.75, 140.37, 98.98, and on the downside, N/A, 35.18, 76.56.
Best and worst case scenarios are the first upside and downside targets, respectively. These levels will act as maximum ranges in the event of a rapid rise or decline. In the case of a typical uptrend or downtrend, the second upside and second downside objectives are correspondingly. In the event of consolidated trading sessions, the third upside and third downside goals are set.
What is a leveraged exchange-traded fund?
A leveraged exchange-traded fund (ETF) is a marketable product that leverages the returns of an underlying index by using financial derivatives and loans. A leveraged exchange-traded fund may aim for a 2:1 or 3:1 ratio, whereas a regular exchange-traded fund normally tracks the equities in its underlying index one-to-one.
Most indices, such as the Nasdaq 100 Index and the Dow Jones Industrial Average, include leveraged ETFs (DJIA).