Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares company info

What does Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares do?
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (NYSEARCA:GUSH) leverages investors' access to the oil and gas exploration and production sector by seeking daily investment results, before fees and expenses, of 200% of the performance of its benchmark index. This non-diversified fund primarily invests in equity securities and derivatives that Direxion Advisors believes, in combination, should have similar daily return characteristics as 200% of the daily return of the index. By employing a leveraged investment strategy, GUSH aims to magnify the returns of its underlying index for investors who have a bullish outlook on the oil and gas exploration and production sector. It is important for potential investors to understand the associated risks of leveraged investments, as they can lead to significant gains or losses. GUSH's overarching objective is to offer traders and sophisticated investors a tool for making high-stakes bets on the short-term movements of the oil and gas sector.
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares company media
Company Snapshot

Is Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares a public or private company?

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Ownership
Public

How many people does Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares employ?

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Employees
56

What sector is Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares in?

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Sector
ETF

Where is the head office for Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares?

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Head Office
New York, United States

What year was Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares founded?

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Year Founded
2015
What does Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares specialise in?
/Leveraged ETF /Equity Derivatives /Exposure Instrument /Investment Services /Financial Management /Portfolio Diversification

What are the products and/or services of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares?

Overview of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares offerings
Targets 2x Daily Returns of Oil & Gas Index: GUSH seeks to achieve daily returns that are 200% of the performance of the S&P Oil & Gas Exploration & Production Select Industry Index. This index tracks the performance of a basket of companies involved in exploring and producing oil and natural gas.
Leveraged Instrument: GUSH uses leverage to amplify gains (and losses) based on the underlying index. This means that small changes in the index price can lead to larger movements in the price of GUSH.
Exposure to Oil & Gas Exploration & Production: By investing in GUSH, you gain indirect exposure to the oil and gas exploration & production sector. The value of GUSH is influenced by factors affecting oil and gas prices, as well as the performance of the companies within the underlying index.
Potential for Amplified Gains: If the price of oil and gas increases, and the S&P Oil & Gas Exploration & Production Select Industry Index goes up, GUSH has the potential to deliver amplified returns of approximately 2 times the daily increase.
Potential for Amplified Losses: Conversely, if the price of oil and gas decreases, and the index goes down, GUSH could experience amplified losses of approximately 2 times the daily decrease. Due to compounding effects, holding GUSH for longer periods than one day may result in returns significantly different than 2x the daily return of the underlying index.
Geared for Short-Term Trading: Due to the compounding effect of leverage, GUSH is designed for short-term trading. Holding it for extended periods may not deliver the anticipated returns because of daily reset mechanisms within the fund's structure.