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GUSH / GUSH: More Than Double The Pain

The Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF is a leveraged ETF that aims to seek 2x the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index. GUSH has an annualized volatility of about 80%, which is twice as much as XOP and more than four times that of SPY, and it is likely to underperform the index unless it achieves significant returns. The ETF is not recommended for long-term investment due to its high volatility and vulnerability to downside risk, but it can provide a good 2x exposure to the underlying index for investors seeking such an opportunity. Read More

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GUSH

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Posted: Jul 3 2023, 02:55

Author Name: Seeking Alpha

GUSH News

By Benzinga
October 10, 2023

Oil Stocks Rise As Israel-Hamas Conflict Intensifies, Analysts See Supply Constraints: This ETF Offers 2X Leverage

Direxion Daily S&P Oil & Gas Exp & Prod Bull 2X Shares GUSH was rising about 1.6% higher on Tuesday amid increased geopolitical conflict, which caused

By ETF Trends
July 20, 2023

Anticipation of Rate Cuts Could Lead Oil Prices Higher

While the capital markets are expecting the U.S. Federal Reserve to maintain its hawkishness, they don't think it will be for long. The anticipation o

By Seeking Alpha
July 3, 2023

GUSH: More Than Double The Pain

The Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF is a leveraged ETF that aims to seek 2x the daily performance of the S&P Oil & Gas Ex

By Market Watch
April 17, 2023

Oil drifts lower ahead of China economic data

Oil futures drifted lower early Monday as investors awaited economic data from China for clues to crude demand.

By Market Watch
April 14, 2023

Oil prices lifted as IEA warns OPEC+ cuts will leave market with bigger deficit sooner than expected

Oil futures rose Friday and were on track for another round of weekly gains after the International Energy Agency warned that OPEC+ production cuts wo

By FXEmpire
April 12, 2023

Oil Price Forecast / Update: Showing Early Strength Despite Uncertainty Over Inflation, Fed Rate Hikes

Oil prices steady ahead of US inflation data as speculators bet Fed's interest rate hiking campaign may soon come to an end.

By CNBC International TV
April 10, 2023

This is going to be the most bullish time for oil demand, says analyst

Matt Smith of Kpler says oil demand will kick in because of the summer driving season, among other factors that will support prices, but "it's what co

By Market Watch
April 5, 2023

Oil ticks lower ahead of U.S. inventory data

Oil futures drifted lower early Wednesday, steadying after sharp gains that followed a round of unexpected OPEC+ production cuts last weekend, as trad

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