Direxion Daily Natural Gas Related Bull 3X Shares (GASL)
Direxion Daily Natural Gas Related Bull 3X Shares operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in US. The stock last traded at $6.34, down 21.34% on the session, giving a market capitalisation of $34.6M. Its beta of 4.39 implies it has historically moved more than the broad market.
This fund aims to achieve daily investment returns that are three times (300%) the daily performance of the ISE-Revere Natural Gas IndexTM, prior to accounting for fees and expenses. Typically, under normal market conditions, at least 80% of its net assets—including any borrowed capital for investment—are allocated to various financial instruments. These investments can include swap agreements, direct securities from the index, exchange-traded funds (ETFs) that track the index, or other financial products designed to provide magnified daily exposure to either the index or its corresponding ETFs. The underlying ISE-Revere Natural Gas IndexTM is specifically designed to leverage both immediate news events and enduring trends within the natural gas sector. It operates as a non-diversified investment vehicle.
Direxion Daily Natural Gas Related Bull 3X Shares is most often compared with the following Financial Services names: