(GUSH) Direxion Daily S&P Oil - Ratings and Ratios

The Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (GUSH) is an exchange-traded fund (ETF) that provides investors with 2X daily leveraged exposure to the S&P Oil & Gas Exploration & Production Index. This index tracks the performance of domestic companies in the oil and gas exploration and production sub-industry, as well as integrated oil and gas and oil and gas refining and marketing sub-industries, as classified by the Global Industry Classification Standard (GICS).

The fund achieves its investment objective by investing at least 80% of its net assets in financial instruments such as swap agreements, securities of the index, and ETFs that track the index. As a non-diversified fund, GUSH is more susceptible to volatility and potential losses due to its concentrated investment strategy.

Analyzing the technical data, we observe that GUSH has been trending upwards, with its last price of $23.50 exceeding its 20-day and 50-day simple moving averages (SMA) of $18.96 and $21.62, respectively. However, it remains below its 200-day SMA of $27.59, indicating a potential long-term downtrend. The average true range (ATR) of 1.85, representing 7.86% of the last price, suggests significant volatility.

Considering the fundamental data, GUSH has an assets under management (AUM) of $207.64 million. While this is a relatively modest size, it is sufficient to provide liquidity for investors.

Forecasting the future performance of GUSH requires a combination of technical and fundamental analysis. Based on the current technical trends and fundamental data, we can anticipate that GUSH will continue to be influenced by the performance of the oil and gas exploration and production sub-industry. If the S&P Oil & Gas Exploration & Production Index experiences a significant surge, GUSH is likely to follow suit, potentially exceeding its 52-week high of $38.56. Conversely, a decline in the index could result in a drop in GUSHs price, potentially approaching its 52-week low of $15.62. Therefore, investors should closely monitor the indexs performance and adjust their strategies accordingly.