Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF
GUSH
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York City NY United States of America 10019
- IPO Date
- May 29, 2015
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (GUSH) is an exchange-traded fund that seeks daily investment results, before fees and expenses, of 200% of the performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The fund provides leveraged exposure to U.S.-listed equity securities of companies primarily engaged in the exploration, production, and development of oil and gas; it employs swap agreements, futures contracts, and other financial instruments to achieve its leveraged objectives. GUSH does not invest directly in the underlying index securities but uses derivatives and other investment vehicles to magnify daily returns, making it suitable for sophisticated investors seeking short-term tactical opportunities in the energy sector. The fund's primary services include daily leveraged amplification of index performance, rebalancing of holdings to maintain leverage targets, and management of counterparty risks associated with derivatives; it offers no-load share classes traded on major U.S. exchanges like NASDAQ. Direxion Investments, the fund sponsor headquartered in Rye Brook, New York, launched GUSH in 2016 as part of its suite of leveraged and inverse ETFs targeting sector-specific indices. The fund operates globally through U.S. exchanges, with target customers comprising institutional traders, hedge funds, and retail investors focused on energy market volatility. In recent developments, Direxion announced enhancements to its leveraged ETF lineup in late 2024, including refined risk management protocols for energy sector funds amid heightened oil price fluctuations driven by geopolitical tensions. The firm completed a strategic partnership with a major index provider in early 2025 to optimize underlying benchmark methodologies for GUSH and similar products. No significant acquisitions, funding rounds, or name changes have been reported for GUSH in the past two years, though Direxion expanded its distribution through new brokerage platforms to broaden retail access.