|Bid||6.04 x 800|
|Ask||6.15 x 2900|
|Day's Range||6.04 - 6.83|
|52 Week Range||6.04 - 92.55|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-74.34%|
|Beta (3Y Monthly)||4.10|
|Expense Ratio (net)||1.04%|
First, the necessary disclaimer that leveraged exchange-traded funds should not be held for weeks or months on end. The long a leveraged ETF, the odds increase it will deviate from its underlying investment objective, potentially leaving traders with unpleasant surprises. There are times when some leveraged ETFs soar for extended periods of time and that has been happening this month for a trio of previously downtrodden leveraged energy funds.
The Direxion Daily Natural Gas Related Bull 3X ETF (GASL) is up over 36 percent year-to-date despite some selling of natural gas futures following the Memorial Day weekend. Bespoke Weather Services identified higher production numbers as the primary reason for the natural gas sell-offs. “Even though it still has not yet gotten back to its highs, the move was enough to pressure all of the natural gas curve, especially with the trend toward less heat once we move beyond this current week, as the strong eastern U.S. ridge that has led to numerous record highs in the Southeast finally weakens,” Bespoke Weather Services said.
NEW YORK , May 24, 2019 /PRNewswire/ -- Direxion has announced it will execute a reverse split of the issued and outstanding shares of the Direxion Daily Mid Cap Bear 3X Shares, Direxion Daily Small Cap ...
Although markets were strong throughout much of 2018, horrendous performance in December ended up dragging U.S. stocks into the red overall for the year. Indeed, the S&P 500 ultimately lost 4.4% for the year, marking its most significant single-year loss since the financial crisis of 2008.
Markets Crash in 1Q - April Fool'sYour Morning Market BriefingWAKE UP WITH BAGELS & STOCKS, OUR NEW EMAIL THAT ENTERTAINS AND INFORMS YOU BEFORE THE DAY STARTS. SIGN UP HERE! See below for today’s issue.What the heck happened? April
As oil prices rose to new heights in 2018, so did natural gas consumption in the United States as the Energy Information Administration (EIA) reported an increase of 10 percent compared to the previous ...
As the U.S. and China work to ameliorate their trade differences, the natural gas markets are awaiting the result, which could either send prices skyward for Direxion Daily Natural Gas Related Bull 3X ETF (GASL) for long traders or down for Direxion Daily Natural Gas Related Bear 3X Shares (GASX) to appease the shorts. "They're just the elephant in the room and until there's clarity on where China is going to source their natural gas ... then it's hard for other buyers to make decisions about which projects to attach themselves to," said Katie Bays, head of energy and utilities, Height Capital Markets.
We have highlighted six leveraged ETFs that have piled up exceptional returns in the first month of 2019 given that Wall Street made a sharp turnaround, posting the best month in many decades.
We have highlighted nine ETFs that have piled up exceptional returns to start 2019 and will continue to be investors' darlings provided the sentiments remain the same.
Some sectors, however, have an onslaught of earnings coming in the week, including natural gas equities. Natural gas equities have not been that fortunate. The ISE-Revere Natural Gas Index (FUMTR) is lower by nearly 15 percent year-to-date.