Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3x Shares trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol “GUSH.”nysearcagush stocknews at https://www.webull.com/quote/nysearca-gush was sold by a variety of institutional investors in the last quarter, including IMC Chicago LLC, Arcus Capital Partners LLC, and Ladenburg Thalmann Financial Services Inc.
The Direxion Daily S&P Oil & Gas Exp. & Prod. Bull and Bear 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the S&P Oil & Gas Exploration & Production Select Industry Index. There is no guarantee the funds will meet their stated investment objectives.
These leveraged ETFs seek a return that is 300% or -300% of the return of their benchmark index for a single day. The funds should not be expected to provide three times or negative three times the return of the benchmark’s cumulative return for periods greater than a day.
Understanding the changing numbers of GUSH shares outstanding — and comprehending the concept of differing numbers of shares outstanding in general comparing companies like GUSH versus peers — is critical for investors. Many “beginner” or “novice” investors will look at one stock trading for $10 per share and another trading for $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies. Furthermore, via the issuance of new shares over time, or the repurchase of existing shares, the number of shares outstanding can fluctuate throughout history. With this page, we aim to empower investors researching GUSH by allowing them to research Nyse ayx stocknews at https://www.webull.com/quote/nyse-ayx outstanding history as well as any other stock in our coverage universe.
Direxion Daily S&P Oil&GsEx&Prd Bl 3X ETF has broken the very wide and falling short-term trend up. Firstly, a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof on the current trend broken, which is $2.62, a level that may pose a second chance to hit a runner. According to fan-theory $10.40 will be the next possible trend top-level and thereby pose a resistance level that may not be broken on the first attempt.