Bull 2X Shares ETF (GUSH) fell by over 97% during the first 11 months of 2020. This terrible performance can be traced to a collapse in oil prices caused by a supply glut due to a price war between Saudi Arabia and Russia and a dramatic drop in demand driven by the global crisis.
Will GUSH go back up in 2021?
GUSH: Global Energy's Rebound Likely To Produce Returns In 2021.31 Jan 2021
Why was GUSH so high?
GUSH is up over 100% in the last few months thanks to its added dose of leverage. The ETF seeks daily investment results of 200% of the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index.18 Feb 2021
Can GUSH go back up?
Since then, GUSH is up over 80% and could continue climbing as long as the fundamental backdrop for higher oil prices remain.18 Feb 2021
What is GUSH stock prediction?
DirexionDaily target prediction for April 2022 are 142.89, 123.3, 103.7 on the upside, and 32.65, 52.25, 71.84 on the downside. DirexionDaily target prediction for May 2022 are 159.28, 131.72, 104.16 on the upside, and 16.26, 43.82, 71.38 on the downside.
How does the stock GUSH work?
GUSH is a leveraged ETF that gives investors a chance to earn twice as much return on their long position in the exploration and production industry. As suggested by its name, GUSH uses borrowed capital to maintain a $2 exposure for every $1 in the index.30 Jan 2021
What is the prediction for GUSH stock?
DirexionDaily target prediction for 18 Fri February 2022 are 137.12, 122.38, 107.64 on the upside, and 52.86, 67.6, 82.34 on the downside. DirexionDaily target prediction for 25 Fri February 2022 are 144.92, 123.86, 102.79 on the upside, and 45.06, 66.13, 87.19 on the downside.
Why is GUSH so low?
Bull 2X Shares (GUSH) Bull 2X Shares ETF (GUSH) fell by over 97% during the first 11 months of 2020. This terrible performance can be traced to a collapse in oil prices caused by a supply glut due to a price war between Saudi Arabia and Russia and a dramatic drop in demand driven by the global crisis.