GUSH - Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares
| Previous Close | 3.9500 |
| Open | 4.0500 |
| Bid | 4.0000 x 46000 |
| Ask | 4.0100 x 900 |
| Day's Range | 3.9145 - 4.1300 |
| 52 Week Range | 2.7150 - 43.7700 |
| Volume | 13,478,728 |
| Avg. Volume | 13,584,923 |
| Net Assets | 198.04M |
| NAV | 4.00 |
| PE Ratio (TTM) | N/A |
| Yield | 1.74% |
| YTD Return | -48.45% |
| Beta (3Y Monthly) | 4.52 |
| Expense Ratio (net) | 1.17% |
| Inception Date | 2015-05-28 |
- Zacks
Leveraged Oil & Energy ETFs to Play on Saudi Attack
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.
- ETF Trends
Rising Middle East Tensions Could Spike Oil Prices This Week
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 ...
- ETF Trends
Oil Prices Won’t Stop U.S. From Dominating Energy
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.
- ETF Trends
Oil Prices Jump on Third Straight Week of Inventory Declines
It was a case of now you see it and now you don’t for oil traders this week as the Energy Information Administration on Thursday reported that U.S. crude supplies declined by 4.8 million barrels for the ...
- ETF Trends
Oil Prices Can Hinge Upon China’s Economy
China is the world’s largest oil consumer and as such, oil prices can hinge upon how well its economy is performing. For example, positive economic data from China helped spur a rise in oil prices on Wednesday. Per a CNBC report, “A private survey showed that activity in China’s services sector expanded at the fastest pace in three months in August as new orders rose, prompting the biggest increase in hiring in more than a year.
- ETF Trends
Analyst: Oil Prices Must Fall in Order to Stay Competitive
According to one analyst, oil prices must decline to $10 and $20 per barrel in order remain competitive in the ever-changing mobility sector. Oil prices have been racked by the market volatility due to fears of easing global demand due to the U.S.-China trade war. “We have to be very clear here,” said Mark Lewis, who is global head of sustainability research at BNP Paribas Asset Management, added.
- ETF Trends
Oil Spikes as Inventories Fall, Demand Fears Ease
On Wednesday, oil prices were up more than 1% after the latest data from the U.S. Energy Information Administration revealed a steep fall in U.S. crude stockpiles. Brent crude futures were1.7% higher to reach a price of $60.52 a barrel while WTI crude futures were 1.5% higher to $55.75 a barrel. Leveraged bull traders certainly cheered the move when it looked like worries of oversupply and weaker global demand would put downward pressure on oil prices.
- ETF Trends
Will Oversupply Cause Oil to Continue to Underperform?
In the last 10 years, the U.S. has been ramping up its oil production exponentially and its ready to produce even more, which could cause oil prices to underperform. Per a report by CNBC, “In the last decade, the U.S. has more than doubled oil production to 12.3 million barrels a day, making it the world’s largest producer. The Plains All American Pipeline’s Cactus II pipeline could exacerbate supply levels to the point of glut hurting oil prices.
- ETF Trends
Are Cloudy Skies Ahead for Bullish Oil Traders?
The trade war impasse between the U.S. and China could keep bullish traders away from bold, leveraged plays in exchange-traded funds (ETFs). “Casting another dark cloud over the outlook for U.S. crude shipments is the ongoing U.S.-China trade impasse,” said Stephen Brennock, oil analyst at PVM Oil Associates. The U.S. China trade war could negatively affect crude oil shipments, which could tamp down any possible gains for oil prices.
- Benzinga
Traders Like This Oil ETF—That's Not Good For E&P Stocks
The energy patch has been punished this month, particularly the volatile exploration and production stocks. The primary problem for exploration and production companies this year is that the U.S. is awash in crude and is pumping at record highs, relevant because most E&P firms operate in the U.S. The thing is, the world's appetite for oil is projected to wane over the near-term amid intensifying recession fears for major global economies.
- ETF Trends
Oil Slips as Fed Dashes Hopes of Consecutive Rate Cuts
Following the interest rate cut of 25 basis points by the Federal Reserve, oil began by falling below $65 a barrel on Thursday, and fell for the first time in six days. “We started off [the year]expecting some rate increases. “The Fed has capitulated to softer economic growth.
- ETF Trends
Middle East Tensions Could Drive Oil Prices Higher
Geopolitical tensions are broadening to start the trading week, on news that Iran’s military late Friday seized a British oil tanker near the Strait of Hormuz, apparently in response to the U.K. capturing an Iranian vessel a couple weeks ago. Iran’s standoff with the U.S. and the U.K. has been escalating recently, and is likely to continue in the coming weeks, with the concern in the marketplace that a major U.S. military strike against Iran could disrupt oil shipping in the Persian Gulf. Oil prices rose more than 1% on Monday, as investors worried about possible supply disruptions in the energy-rich Middle East after Iran's seizure of a British tanker last week.
- ETF Trends
Oil Faltering Amid Summer Driving Season Puts “DRIP” ETF in Play
Summer vacations are typically replete with long-distance trips, which would put oil prices in an uptrend, but oil futures fell 1.5 percent recently to the lowest level in two weeks. This came even after the U.S. Energy Information Administration (EIA) reported inventories of gasoline and distillate fuels grew by 9.25 million barrels the previous week. Hurricane Barry even caused crude inventories to decline by more than 3 million barrels, but that wasn't enough prop up oil prices to satisfy the bulls.
- ETF Trends
Once Again, It’s About OPEC For Oil ETFs
The United States Oil Fund (USO) , which tracks West Texas Intermediate crude oil futures, struggled early in the third quarter with oil prices residing near where they did in the first quarter. Investors considering USO or other oil exchange traded products have several factors to consider including the Organization of Petroleum Exporting Countries (OPEC). The International Energy Agency projects consumption to increase each quarter of 2019 year-over-year, albeit at a slower-than-usual pace for the first quarter.
- ETF Trends
Oil Bulls Expecting More Gains as OPEC Could Extend Supply Cuts
Oil bulls could be expecting more gains for oil prices after the most important oil producers in the world are indicating an extension of a deal to curb oil production is likely. This news comes ahead of an Organization of the Petroleum Exporting Countries (OPEC) meeting along with its allies in Vienna this week. OPEC member Iran called for cooperation among the oil cartel's members.
- ETF Trends
Are Oil Traders Overestimating the Impact of Latest Iran Sanctions?
Rather than resort to war, U.S. President Donald Trump decided to bring down the hammer with more sanctions on Iran in response an unmanned U.S. drone being shot down the previous week. As U.S.-Iran relations remain tenuous, oil traders could be eyeing more price increases for the commodity, but are they overestimating the impact of the latest sanctions? “We will continue to increase pressure on Tehran until the regime abandons its dangerous activities,” including its nuclear ambitions, Trump told reporters in the Oval Office. “We do not seek conflict with Iran or any other country,” Trump added.
- ETF Trends
Middle East Tensions Could Give Oil Prices More Support This Week
Oil prices could maintain their support levels this week as tensions between the United States and Iran continue to play out with U.S. Secretary of State Mike Pompeo saying that "significant" sanctions could be in store for Iran. “The Middle East clashes should support oil prices at the start of the week as crude markets will wait to see Iran’s response to the threat of additional sanctions, ” said Edward Moya, senior market analyst at OANDA in New York. An unmanned U.S. drone was shot down by Iran last week, which fanned the flames of growing tensions within the Middle East.
- ETF Trends
Oil Prices in a State of Flux Amid Global Growth, Middle East Tensions
The push-and-pull of Middle East tensions and slowing global growth is leaving prices for the oil in flux. Declining business sentiment is also feeding into the slowing global growth narrative, but how does all the news affect oil prices in the future? Oil prices tumbled more than 20 percent since the end of April due to fears of global demand as fears of slower growth worldwide are taking hold of the commodity.
- ETF Trends
Heightened U.S.-Iran Tensions Can Continue to Benefit Bullish Oil Bettors
Geopolitical oil supply disruptions could continue to feed into higher oil prices, which will benefit bullish bettors. Attacks on two oil tanker ships off the coast of Iran sent oil prices upward as finger pointing between the United States and Iran ensued. U.S. intelligence was quick to identify Iran as the culprit of the attacks.
- ETF Trends
Oil Prices Tumbled, but Will They Land Right Side Up?
Oil prices have tumbled more than 20 percent since the end of April due to fears of global demand as fears of slower growth worldwide are taking hold of the commodity. It didn’t help that the U.S.-China ...
- Benzinga
Where Traders Love Frackers
The S&P Oil & Gas Exploration & Production Select Industry Index (SPSIOPTR), as is often the case, is responding to oil prices. This month, that is not a good thing as the index is lower by more than 13.50 ...
- ETF Trends
Will Growth Worries Hold Down Oil For Rest of 2019?
Supply cuts by the Organization of Petroleum Exporting Countries (OPEC) have pushed oil prices down, but downward forces from trade wars have also kept them in check. Will continued growth worries keep ...
- ETF Trends
Can Iran Sanctions Continue to Push Oil Prices Through the Roof?
Last month, oil continued its serendipitous climb following U.S. President Donald Trump ending waivers on companies wishing to purchase Iranian oil without facing stiff sanctions. The companies affected ...
- ETF Trends
Trade War Fears Stymie Potential Gains for Oil Prices
A surprise fall in U.S. crude stockpiles should've translated into strength for oil prices, but trade war fears continued to roil the markets. Oil fell as much as 1 percent on Thursday as investors continue to sit on their hands waiting for a U.S.-China trade deal. Brent crude oil futures and U.S. West Texas Intermediate (WTI) crude futures both fell 1 percent earlier in the day.
- Benzinga
Epic Earnings Tests Loom For These Leveraged ETFs
The hot exploration and production segment of the energy sector gets its first batch of earnings tests this week as just over 24 percent of the S&P Oil & Gas Exploration & Production Select Industry Index ...
