Is GUSH a stock or ETF?
GUSH ETF Info
|Underlying Index||S&P Oil & Gas Exploration & Production Select Industry Index|
|Assets Under Management (AUM)||868.80K|
What stock make up GUSH?
Top 10 Holdings (111.48% of Total Assets)
|SM Energy Co||SM||1.02%|
|Occidental Petroleum Corp||OXY||0.99%|
|Antero Resources Corp||AR||0.96%|
|Continental Resources Inc||CLR||0.96%|
What does GUSH stock track?
GUSH seeks to deliver 200% of the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index. Unlike State Street’s XOP—an unlevered fund tracking the same index—GUSH uses over-the-counter derivatives to achieve its objective.
Why is GUSH ETF so low?
Bull 2X Shares ETF (GUSH) fell by over 97% during the first 11 months of 2020. This terrible performance can be traced to a collapse in oil prices caused by a supply glut due to a price war between Saudi Arabia and Russia and a dramatic drop in demand driven by the global crisis.
Is GUSH expected to rise?
Based on our forecasts, a long-term increase is expected, the “GUSH” fund price prognosis for 2026-09-30 is 271.940 USD. With a 5-year investment, the revenue is expected to be around +161%. Your current $100 investment may be up to $261 in 2026.
Will drip stock go back up?
The DRIP stock price can go up from 5.270 USD to 10.646 USD in one year.
Can 3X ETF go to zero?
“There is a way to actually go to zero, although very unlikely,” he said. “If you have, say, a 3x-leveraged fund and the market goes down by 34 percent that day—the fund is done.” … If oil prices drop by more than 33.33 percent, UWTI will lose 100 percent of its value and holders will be completely wiped out.
What is drip gush?
The Direxion Daily S&P Oil & Gas Exp. & Prod. Bull (GUSH) and (DRIP) 2X Shares seek daily investment results, before fees and expenses, of 200%, or 200% of the inverse (or opposite), of the performance of the S&P Oil & Gas Exploration & Production Select Industry Index.
What is a 3X leveraged ETF?
Leveraged 3X ETFs are funds that track a wide variety of asset classes, such as stocks, bonds and commodity futures, and apply leverage in order to gain three times the daily or monthly return of the respective underlying index.
What does it mean if a stock is leveraged?
Leverage is a trading mechanism investors can use to increase their exposure to the market by allowing them to pay less than the full amount of the investment. Consequently using leverage in a stock transaction, allows a trader to take on a greater position in a stock without having to pay the full purchase price.