|Bid||13.20 x 3000|
|Ask||0.00 x 3100|
|Day's Range||12.90 - 13.48|
|52 Week Range||5.00 - 190.20|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-92.38%|
|Beta (5Y Monthly)||4.64|
|Expense Ratio (net)||1.06%|
The investment objective and strategy of each fund in the table below is to now seek daily leveraged, or daily inverse leveraged, investment results, before fees and expenses, of 200% or -200%, as applicable, of the performance of its underlying index, as shown below:
Due to recent market volatility and related developments, 10 funds will be underexposed to the market today. At market open, each fund will have the following exposure. This reduced exposure is for today, March 31, 2020, only.
The investment objective and strategy of each Fund in the table below is currently to seek daily leveraged, or daily inverse leveraged, investment results, before fees and expenses, of 300% or -300%, as applicable, of the performance of its underlying index. Effective after market close on March 31, 2020 each Fund's investment objective and strategy will change to seek daily leveraged, or daily inverse leveraged, investment results, before fees and expenses, of 200% or -200%, as applicable, of the performance of its underlying index, as shown below:
Recent and near unprecedented volatility across global markets, driven by the impact of the COVID-19 pandemic and oil price war, has dramatically increased the explicit and implicit cost of trading in the energy and commodities markets. While volatility will subside at some point, the ability to cost-effectively and efficiently access these markets may remain challenged for some time.
Direxion has announced it will execute a reverse split of the issued and outstanding shares of the Direxion Daily Natural Gas Related Bull 3X Shares, Direxion Daily S&P; Oil & Gas Exp. & Prod. Bull 3X Shares, and the Direxion Daily Energy Bull 3X Shares (each, a "Fund" and collectively, the "Funds"). The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined below.
Despite a strong 2019 for stocks, one of the sectors that was hesitant to jump to record highs was the energy sector. One of its main drivers, oil, could be reaching a peak, according to Chevron CEO Michael ...
There were a lot of bright spots in the markets during 2019, but energy couldn’t power its way through to higher gains compared to other sectors. However, as more initiatives towards clean energy become ...
Rising tensions in the Middle East is no doubt the prime mover right now when it comes to soaring oil prices, but oil tycoon Harold Hamm says that prices could move as high as 19%–irrespective of what ...
Guyana sits alongside South America’s North Atlantic coast and this small country, which is just about the same size as the state of Idaho, recently joined the ranks of oil producing nations. “Guyana officially joined the ranks of oil producing nations, after ExxonMobil and its partners began oil production offshore the South American country,” an OilPrice.com report noted.
While most sectors are cheering the latest record run-ups in the major indexes, the energy sector has had little to celebrate this year as it’s languished for the majority of 2019 with single-digit gains. With a recent uptick in oil prices thanks to bullish data from the Energy Information Administration, is this a sign that it’s time to buy the dip in energy? “S&P 500 energy stocks, tracked in part by the Energy Select Sector SPDR Fund (XLE) , have charged 3% higher in the last week, a somewhat encouraging sign of life for a group that’s up just 6% for the year, well off the S&P’s nearly 27.5% gain,” a CNBC report noted.
The U.S. Department of Energy (DOE) announced selections for $128 million in new projects to advance solar technologies. For traders looking to make a leveraged play on energy, this is one development ...
The Organization of Petroleum Exporting Countries (OPEC) and its allied members could implement supply cuts in December, which should give oil traders a holiday season worth celebrating. OPEC will meet ...
A partial trade agreement and ongoing tensions in the Middle East may fuel oil stocks this week. Gain exposure to the sector using these three ETFs.
It will be "California Dreamin'" as in dreaming of electricity for a number of Northern California residents as utility group PG&E Corp is cutting electricity in order to minimize the risk of wildfires. This could put leveraged energy funds in play for savvy investors who may sense an opportunity. Per a Bloomberg report, “on Wednesday, utility PG&E Corp. began cutting electricity to almost 800,000 California homes and businesses -- representing roughly 2.4 million people -- to prevent wildfires as high winds are forecast to whip through the state.
The oil and gas industry is undergoing its own renaissance with the incorporation of disruptive technology like data analytics, machine learning and artificial intelligence based on an L.E.K. Consulting ...
Exchange-traded fund (ETF) traders armed with leverage are operating in a landscape where a U.S.-China trade war, inverted yield curves and other factors affecting global growth are making for a challenging ...
Volatile price moves in oil that could cause stomach-churning, rollercoaster-like oscillations could be behind us, according to oil expert Rusty Braziel. Braziel’s comments come after drone attacks in Saudi Arabia last week saw oil prices soar on supply disruption fears. The attacks were enough to cause U.S. President Donald Trump to announce that emergency oil reserves were at-the-ready if necessary.
Here is a look at ETFs that currently offer attractive short selling opportunities. The ETFs included in this list are rated as sell candidates for two reasons. First, each of these funds is deemed to be in a downtrend based on the fact that its 50-day moving average is below its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively. Second, each of these ETFs is also trading above its 20-day moving average, thereby offering a near-term 'sell on the pop' opportunity given the longer-term downtrend at hand. Note that this prospects list also features a liquidity screen by excluding ETFs with average trading volumes below the one million shares mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.
As an attack on Saudi's oilfields massively disrupted production and shot up oil prices, leveraged oil and energy ETFs are likely to surge in the short term.
Oil ETFs surged upwards of 10 percent Monday after attacks on Saudi oil production facilities Saturday knocked out 5.7 million barrels of daily production.
Rising tensions in the Middle East could spike oil prices further this week as events unfold following an attack on Saudi Arabian oil facilities over the weekend. This could hamper global supply, which ...
Whether oil prices rise or fall is not a major factor to the U.S., according to Dan Brouillette, the Deputy Secretary of the U.S. Department of Energy. What is of higher importance is that the U.S. achieves energy dominance. While a protracted U.S.-China trade war and slowing global growth could affect demand, resulting in lower oil prices, being the dominant player in energy is the modus operandi for the U.S.