Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (GUSH)Trading--Leveraged Equity | Exchange Traded Fund | NYSEArca
49.00 USD
-0.98
(-1.961%) ⇩
(Oct. 14, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 4:27 a.m. EDT
This leveraged ETF is currently trapped in a severe structural decline, having lost nearly 99.5% of its value over the last nine years. The most recent annual performance shows a third consecutive year of negative returns, confirming a multi-year downtrend where the market has repeatedly rejected the underlying asset class. Despite the recent price bounce off the lows, the fundamental reality remains grim: the compounding drag of leverage on a falling commodity price has erased almost all capital. The recent news of rising oil prices offers a fleeting spark, but for a 2x leveraged product, recovering from a 99% loss requires a massive, sustained super-cycle in the underlying index, not just a temporary spike. The options market reflects this anxiety, with traders buying deep protection against further drops rather than betting on a recovery. Any attempt to use this as a long-term income vehicle is futile given the eroding principal and the likelihood of further volatility decay. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.101043 |
| AutoTheta | 0.106605 |
| AutoETS | 0.112543 |
| AutoARIMA | 0.112544 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 37% |
| H-stat | 4.96 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.349 |
| Excess Kurtosis | -0.54 |
| Attribute | Value |
|---|---|
| Trailing P/E | 12.81 |
As of Oct. 10, 2026, 4:27 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put volume and open interest, particularly at strikes significantly below current prices (e.g., $25, $28, $30), indicating a fear of a sharp downside correction. While there is some call activity near the money and slightly above, the overwhelming open interest concentration in deep OTM puts suggests a 'crash' hedge strategy rather than a bullish bet on continued gains.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.36% | 1.44% | 2.15% | 1.87% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-09-22 | 0.14800 | 0.356197 |
| 2026-06-23 | 0.07600 | 0.244294 |
| 2026-03-24 | 0.14400 | 0.330958 |
| 2025-12-23 | 0.11200 | 0.507706 |
| 2025-09-23 | 0.14700 | 0.587295 |
| 2025-06-24 | 0.14600 | 0.618644 |
| 2025-03-25 | 0.16400 | 0.602498 |
| 2024-12-23 | 0.18000 | 0.703125 |
| 2024-09-24 | 0.19900 | 0.675492 |
| 2024-06-25 | 0.22000 | 0.612302 |
| 2024-03-19 | 0.22300 | 0.580125 |
| 2023-12-21 | 0.20700 | 0.616438 |
| 2023-09-19 | 0.25800 | 0.657660 |
| 2023-06-21 | 0.23300 | 0.810858 |
| 2023-03-21 | 0.28175 | 0.967964 |
| 2022-09-20 | 0.14475 | 0.386000 |
| 2022-06-22 | 0.02700 | 0.077995 |
| 2020-12-22 | 0.01650 | 0.179445 |
| 2020-09-22 | 0.00025 | 0.004054 |
| 2020-06-23 | 0.00225 | 0.023346 |
| 2019-12-23 | 0.73000 | 0.199563 |
| 2019-09-24 | 1.30000 | 0.358127 |
| 2019-06-25 | 1.10000 | 0.177994 |
| 2019-03-19 | 3.00000 | 0.280899 |
| 2018-12-27 | 0.40000 | 0.049505 |
| 2018-09-25 | 0.90000 | 0.022173 |
| 2016-12-20 | 165.55000 | 3.125059 |
| Attribute | Value |
|---|---|
| All Time High | 20,530.0 |
| All Time Low | 3.07 |
| Ask | 49.69 |
| Ask Size | 300 |
| Average Daily Volume10 Day | 455,620 |
| Average Daily Volume3 Month | 674,979 |
| Average Volume | 674,979 |
| Average Volume10Days | 455,620 |
| Beta3 Year | -0.08 |
| Bid | 48.71 |
| Bid Size | 300 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 50.5 |
| Day Low | 48.6944 |
| Display Name | S&P Oil & Gas Exp. & Prod. Bull |
| Dividend Yield | 1.19 |
| Eps Trailing Twelve Months | 3.8264232 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 43.8622 |
| Fifty Day Average Change | 5.1377983 |
| Fifty Day Average Change Percent | 0.11713498 |
| Fifty Two Week Change Percent | 131.0231 |
| Fifty Two Week High | 50.775 |
| Fifty Two Week High Change | -1.7750015 |
| Fifty Two Week High Change Percent | -0.034958176 |
| Fifty Two Week Low | 20.805 |
| Fifty Two Week Low Change | 28.195 |
| Fifty Two Week Low Change Percent | 1.355203 |
| Fifty Two Week Range | 20.805 - 50.775 |
| First Trade Date Milliseconds | 1,432,906,200,000 |
| Five Year Average Return | 0.1552209 |
| Full Exchange Name | NYSEArca |
| Fullday Change | 0.22999954 |
| Fullday Change Percent | 0.46938682 |
| Fullday Price | 49.23 |
| Fund Family | Direxion Funds |
| Fund Inception Date | 1,432,771,200 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The index measures the performance of the domestic companies included in the integrated oil and gas, oil and gas exploration and production and oil and gas refining and marketing sub-industries as classified by the GICS. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index, that, in combination, provide 2X daily leveraged exposure to the index, consistent with the fund's investment objective. It is non-diversified. |
| Long Name | Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_295054279 |
| Nav Price | 49.946 |
| Net Assets | 206,453,520.0 |
| Net Expense Ratio | 0.94 |
| Open | 50.36 |
| Phone | 866-476-7523 |
| Pre Market Change | 0.23500061 |
| Pre Market Change Percent | 0.47964203 |
| Pre Market Price | 49.23 |
| Pre Market Time | 1,792,064,527 |
| Previous Close | 49.98 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.98 |
| Regular Market Change Percent | -1.96078 |
| Regular Market Day High | 50.5 |
| Regular Market Day Low | 48.6944 |
| Regular Market Day Range | 48.6944 - 50.5 |
| Regular Market Open | 50.36 |
| Regular Market Previous Close | 49.98 |
| Regular Market Price | 49.0 |
| Regular Market Time | 1,792,008,000 |
| Regular Market Volume | 447,539 |
| Short Name | Direxion Daily S&P Oil & Gas Ex |
| Source Interval | 15 |
| Symbol | GUSH |
| Three Year Average Return | 0.107509896 |
| Total Assets | 206,453,520 |
| Tradeable | 0 |
| Trailing P E | 12.805693 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 31.83485 |
| Trailing Three Month Returns | 31.83485 |
| Triggerable | 1 |
| Two Hundred Day Average | 36.44135 |
| Two Hundred Day Average Change | 12.558651 |
| Two Hundred Day Average Change Percent | 0.3446264 |
| Type Disp | ETF |
| Volume | 447,539 |
| Yield | 0.0119 |
| Ytd Return | 86.04502 |