|Bid||0.00 x 1200|
|Ask||0.00 x 900|
|Day's Range||14.59 - 16.00|
|52 Week Range||2.45 - 137.47|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-60.74%|
|Beta (5Y Monthly)||-5.52|
|Expense Ratio (net)||1.09%|
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 forward share splits for two of its exchange-traded funds ("ETFs"), as well as reverse share splits for an additional two ETFs. 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 encouraging signs late in 2019 that the energy market might be swept up in the rally that pushed major indexes to new highs, the prices for oil and natural gas have spent the initial weeks of 2020 in a downward spiral to new 52-week lows. For starters, Direxion’s broad-based Daily Energy Bear 3X Shares (NYSE: ERY), which tracks the S&P Energy Select Sector Index (IXE), is higher in 2020 by more than 120%. Funny enough, ERY is the lowest-performing ETF of the three energy funds Direxion offers, the other two are up as much as 265% year-to-date, putting them well among the top-performing funds of the year so far.
Due in large part to the panicked selling caused by the spread of the novel coronavirus, also know as COVID-19, oil prices and energy equities are tumbling. For example, the United States Oil Fund (NYSE: ...
After scaling new highs to start the year on the initial U.S.-China trade deal, Wall Street is badly shaken by the fast-spreading coronavirus that has led to fears of a worldwide pandemic.
Just ahead of 2020, natural gas traders were sending off bearish vibes to start the new year. "Tuesday’s session began with traders in a bearish mood due to lower prices at the majority of pricing hubs amid a projected drop in demand for the New Year’s Day holiday," an FX Empire report noted. “The overnight data was mixed as the Global Forecast System (GFS) held milder trends but did not lose any additional heating degree days (HDD)," NatGasWeather said.
Warmer-than-expected climate for the U.S. is certainly not what natural gas traders want to hear when it comes to future weather forecasts, which could leave them in the cold if they're erring on the bullish side of the trade. “It’s still chilly December 17-19 with above-normal HDDs, just not nearly as ominous.” Although the models are much closer than they had been, the GFS remained “a little chillier December 15-19,” the forecaster said.
As the Christmas holiday starts getting into full swing, bullish natural gas traders are hoping that a winter wonderland, particularly of the extreme variety, can get nat gas prices moving higher or will there more hurt ahead? For the bears, the Direxion Daily Natural Gas Related Bear 3X Shares (GASX) should continue to appease the short side traders.
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 ...
Thus far this year, it’s been traders shorting natural gas who have been the beneficiaries of this reversal of fortune. Per a FX Empire report, natural gas may be on the move ahead of winter season given the latest technical move. “Natural gas prices edged higher on Thursday bouncing near support at the 10-day moving average at 2.28,” the article noted.
Wall Street has been witnessing a tough ride this month due to U.S.-China trade conflicts, weak global economic data, low inflation and political unrest in Hong Kong.
We have highlighted five leveraged/inverse products that have gained in double digits in the past month though these involve a great deal of risk when compared to traditional products.
We have highlighted five leveraged inverse ETFs that gained more than 40% in May though these involve a great deal of risk when compared to traditional products.