|Bid||36.87 x 1400|
|Ask||36.90 x 800|
|Day's Range||35.49 - 37.16|
|52 Week Range||16.79 - 47.55|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||1.02%|
Oil prices fell today, notching their first weekly loss since mid-August, allowing for opportunities for traders to use an inverse oil ETF play like the Direxion Daily S&P Oil & Gas Exploration & Production ...
As of 11:30 a.m. ET, the price of WTI crude is up 1.34% to $69.41 and Brent crude is up 0.97% to $73.92, but one analyst sees the price of oil reaching $90 by year's end, particularly when the United States is ready to follow through on heavy sanctions for Iranian crude buyers who do not trim their purchases to zero. Furthermore, the notion that China can simply purchase more oil to make up for the reduction in Iranian oil purchases was rebuffed. As the price of oil continues its upward momentum, oil and gas ETFs are benefitting from the rise, such as United States Oil (USO) , which is up 1.47% today and 25.40% for the year.
Exploration and production stocks and the corresponding ETFs have been leaders in this year’s energy resurgence as highlighted by a year-to-date gain of 16% for the S&P Oil & Gas Exploration & Production ...
As the price of oil continues its upward momentum, oil and gas ETFs are benefitting from the rise, but one in particular, the Direxion Dly S&P Oil&Gs Ex&Prd Bl 3X ETF (GUSH) , is benefitting three times over. Prices got a boost from the United States and European Union agreeing to terms to avert a trade war. “The market is very calm as it tries to assess the impact from the President Trump deal with the European Union to hold off on tariffs,” said Phil Flynn, an analyst at Price Futures Group in Chicago.
Many institutional traders use multi-faceted strategies that involve several different instruments when trading around an earnings report. Among the most common hedging tools used by institutions are leveraged ETFs, which are built to deliver multiples (or inverse multiples) on a given index. “They aren’t meant to be held for more than a few days at a time,” Sylvia Jablonski, managing director of leveraged ETF provider Direxion ETFs said.
Leveraging oil and gas investments the past year has proven to be a profitable strategy for Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares (GUSH) , which has been eponymously gushing returns for investors the past year--up 94.96% and 33.81% year-to-date--according to Yahoo! Finance performance figures. GUSH seeks daily investment results equal to 300% of the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index.
Since 1997, Direxion has been providing investment solutions with their innovative ETFs and 20 years later, they have $13.4 billion worth of assets under management. If you haven't already, check out the 5 ETFs below that are trending this week - and are worth keeping an eye on during the second half of 2018. Despite all the talk regarding trade wars with the United States and China, one sector that has been shrugging off the market noise is the biotechnology sector.
As markets surge and then sputter, the prospects of downside risk loom large in the short term. Yet advisors have to meet the challenge of steering through periods of market volatility, while continuing ...
The Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares (NYSE: GUSH ) closed Friday with an April gain of over 34 percent, making it the second-best performer among Direxion's leveraged bullish exchange-traded ...
Oil price climbed more than 2% in the last trading session buoyed by tensions in the Middle East and the possibility of further falls in Venezuelan output.
Oil price is on a fantastic run thanks to geopolitical uncertainty, tightening supply and soaring demand, setting the stage for a strong rally in the energy stocks for the near term.
Short interest is a popular metric on Wall Street because it gives a peek into the amount of negative sentiment a stock has. For their part, leveraged ETFs thrive on the directionality short interest can ...
On the back of oil's rebound, the often volatile SPDR S&P Oil & Gas Exploration & Production ETF (NYSE: XOP ) is sporting a fourth-quarter gain of just over 20 percent with half of that surge coming just ...