Investment Objective
The investment seeks daily investment results, net of expenses, of 300% of the inverse of the performance of the ISE-REVERE Natural Gas IndexTM.
The fund creates short positions by investing at least 80% of assets in: futures contracts; options on securities, indices and futures contracts; equity caps, floors and collars; swap agreements; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The index is composed of equity securities of issuers involved in the exploration and production of natural gas. The fund is non-diversified.
Latest GASX News
No recent news for Direxion Daily Natural Gas Related Bear 3X Shares.
Performance
| 1 month | -37.79% | | 3 years | -40.19% |
| 3 months | -42.24% | | 5 years | -- |
| 1 year | -75.73% | | Since inception | -46.40% |
Quote Details
| Previous close | $16.07 |
| Open day’s range | 15.20 – 16.28 |
| Net asset value (NAV) | 15.29 (04/17/2014) |
| Daily volume | 102,417 |
| Average volume (3 months) | 57,196 |
Data as of 3:59pm ET, 04/17/2014
Peer Comparisonvs. Trading-inverse equity ETFs
| | GASX | Category |
|---|
| Performance 5-yr return | -- | -39.94% |
| Expense Gross exp ratio | 1.62% | 0.95% |
| Risk 5 year sharpe ratio | -- | -1.44 |
| Net assets | $9.2M | $117.3M |
| Average market cap | -- | -- |
| Average P/E | -- | -- |
| Dividend / Share | -- | 0.38% |
Competitors
| SH ProShares Short S&P500 |
| SDS ProShares UltraShort S&P500 |
| EMSA iPath Short Enhanced MSCI Emerging Marke... |
Holdings
Top 5 Sectors
Portfolio weighting
Top 10 Holdings
Portfolio weighting
-0.77 / -4.79%
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