|Bid||0.00 x 1200|
|Ask||0.00 x 800|
|Day's Range||6.22 - 7.50|
|52 Week Range||6.11 - 4,340.00|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-99.35%|
|Beta (5Y Monthly)||4.39|
|Expense Ratio (net)||1.04%|
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.
The U.S. Energy Information Administration (EIA) said the U.S. set new records last year when it came to producing, consuming and exporting natural gas. This should keep natural gas on the radars of leverage-hungry ...
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 ...