Direxion Daily Sp Etf Profile

GUSH Etf  USD 36.64  1.14  3.21%   


0 of 100

Very Weak

Odds Of Distress

Less than 9

Direxion Daily is trading at 36.64 as of the 15th of July 2024. This is a 3.21 percent up since the beginning of the trading day. The etf's open price was 35.5. Direxion Daily has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Direxion Daily SP are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 16th of April 2024 and ending today, the 15th of July 2024. Click here to learn more.
The fund, under normal circumstances, invests at least 80 percent of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. More on Direxion Daily SP

Moving together with Direxion Etf

  0.97NRGU MicroSectors Big OilPairCorr

Moving against Direxion Etf

  0.8HUM Humana Inc Financial Report 7th of August 2024 PairCorr
  0.78QLD ProShares Ultra QQQPairCorr
  0.78BST BlackRock Science TechPairCorr
  0.76SSO ProShares Ultra SP500PairCorr
  0.76SPXL Direxion Daily SP500PairCorr
  0.76UPRO ProShares UltraPro SP500PairCorr

Direxion Etf Highlights

Thematic Ideas
(View all Themes)
Business ConcentrationSector ETFs, Energy ETFs, Trading--Leveraged Equity, Direxion Funds (View all Sectors)
Inception Date2015-05-28
BenchmarkS&P Oil & Gas Exploration & Production Select Industry Index
Entity TypeRegulated Investment Company
Asset Under Management417.04 Million
Average Trading Valume439,200.1
Asset TypeEquity
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorU.S. Bancorp Fund Services, LLC
AdvisorRafferty Asset Management, LLC
CustodianThe Bank of New York Mellon Corporation
DistributorForeside Fund Services, LLC
Portfolio ManagerPaul Brigandi, Tony Ng
Transfer AgentThe Bank of New York Mellon Corporation
Fiscal Year End31-Oct
ExchangeNYSE Arca, Inc.
Number of Constituents78.0
Market MakerIMC
Total Expense0.97
Management Fee0.75
Country NameUSA
Returns Y T D9.86
NameDirexion Daily SP Oil Gas Exp. Prod. Bull 2X Shares
Currency CodeUSD
Open FigiBBG0099SHZZ5
In Threey Volatility68.06
1y Volatility38.89
200 Day M A35.6621
50 Day M A36.6898
Updated At15th of July 2024
Currency NameUS Dollar
Direxion Daily SP [GUSH] is traded in USA and was established 2015-05-28. The fund is listed under Trading--Leveraged Equity category and is part of Direxion Funds family. The entity is thematically classified as Sector ETFs. Direxion Daily SP currently have 624.31 M in assets under management (AUM). , while the total return for the last 3 years was 18.6%.
Check Direxion Daily Probability Of Bankruptcy

Sector Allocation

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Direxion Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Direxion Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Direxion Daily SP Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top Direxion Daily SP Etf Constituents

MURMurphy OilStockEnergy
FANGDiamondback EnergyStockEnergy
MPCMarathon Petroleum CorpStockEnergy
CRCCalifornia Resources CorpStockEnergy
SMSM Energy CoStockEnergy
XOPSPDR SP OilEtfEquity Energy
PXDPioneer Natural ResourcesStockEnergy
APAAPA CorporationStockEnergy
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Direxion Daily Top Holders

ICBAXIcon Natural ResourcesMutual FundNatural Resources
ICBMXIcon Natural ResourcesMutual FundNatural Resources
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Direxion Daily SP Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Direxion Daily market risk premium is the additional return an investor will receive from holding Direxion Daily long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Direxion Daily. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Direxion Daily's alpha and beta are two of the key measurements used to evaluate Direxion Daily's performance over the market, the standard measures of volatility play an important role as well.

Direxion Daily Against Markets

Additional Information and Resources on Investing in Direxion Etf

When determining whether Direxion Daily SP is a strong investment it is important to analyze Direxion Daily's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Direxion Daily's future performance. For an informed investment choice regarding Direxion Etf, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Direxion Daily SP. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.
You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
The market value of Direxion Daily SP is measured differently than its book value, which is the value of Direxion that is recorded on the company's balance sheet. Investors also form their own opinion of Direxion Daily's value that differs from its market value or its book value, called intrinsic value, which is Direxion Daily's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Direxion Daily's market value can be influenced by many factors that don't directly affect Direxion Daily's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Direxion Daily's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Daily is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Daily's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.