Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF

Frequently Asked Questions About GUSH

What does GUSH invest in?

The Direxion Daily S&P Oil & Gas Exploration & Production Bull and Bear 2X ETFs aim to generate daily returns that, prior to considering fees and expenses, equate to double (200%) the performance, or double (200%) the inverse performance, of the S&P Oil & Gas Exploration & Production Select Industry Index. It is important to note that there is no guarantee these funds will consistently meet their specific investment goals.

What is the expense ratio of GUSH?

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF (GUSH) charges an expense ratio of 0.94%. This is the annual fee deducted from fund assets to cover management and operations.

Is GUSH a good long-term hold?

GUSH is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does GUSH's daily reset work?

GUSH rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is GUSH?

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF (GUSH) manages $218.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is GUSH actively managed or an index fund?

GUSH's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.