|Bid||7.90 x 1200|
|Ask||8.60 x 1000|
|Day's Range||7.98 - 8.38|
|52 Week Range||4.88 - 26.17|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||-4.63|
|Expense Ratio (net)||1.07%|
In the first quarter, the energy sector is atoning for its 2018 doldrums and exploration and production stocks are getting in on the act. Historically, exploration and production are highly correlated to oil prices, a theme that cuts both ways. Higher oil prices usually lift the volatile exploration and production group while lower crude prices are often a drag on the industry.
Fluctuating oil prices and talks of a trade war, among other things, caused energy sectors stocks to tumble throughout 2018. Although there were reasons to be optimistic at various points throughout the year, the last few months of 2018 were particularly rough: October constituted the worst single month for the sector in the better part of a decade, and the final weeks of the year saw stock prices plummet along with the market overall.
The myriad woes have resulted in huge demand for inverse or leveraged inverse ETFs for investors seeking to make big gains in a short span.
Investors seek to magnify returns on quick market turn and register big gains in a short span. As such, we have highlighted five leveraged/inverse ETFs that crushed the market in November with abnormal returns.
The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). GASX seeks daily investment results worth 300% of the inverse of the daily performance of the ISE-Revere Natural Gas IndexTM. The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes).
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