|Bid||32.11 x 900|
|Ask||200.00 x 900|
|Day's Range||42.70 - 46.08|
|52 Week Range||14.90 - 79.35|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||-4.81|
|Expense Ratio (net)||1.09%|
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.
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.
Fluctuating oil prices and talks of a trade war, among other things, caused energy sectors stocks to tumble throughout 2018. Although there were reasons to be optimistic at various points throughout the year, the last few months of 2018 were particularly rough: October constituted the worst single month for the sector in the better part of a decade, and the final weeks of the year saw stock prices plummet along with the market overall.
The myriad woes have resulted in huge demand for inverse or leveraged inverse ETFs for investors seeking to make big gains in a short span.
Traders bold enough to short natural gas via leveraged exchange traded funds or exchange traded notes are learning some harsh lessons. The slide experienced by DGAZ on Wednesday was the second-worst ever on an intra-day basis for a US-listed exchange traded product. Clearly, being short natural gas has been hazardous to traders' health this month, but there is a better way of making bearish natural gas bets in the ETF space.
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.
The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). GASX seeks daily investment results worth 300% of the inverse of the daily performance of the ISE-Revere Natural Gas IndexTM. The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes).
Hurricane Florence became the sixth named storm of the 2018 Atlantic hurricane season and the first major hurricane of the year as it reached Category 3 status with winds roaring past the 125 mph mark. ...