Direxion Daily Natural Gas Related Bear 3X Shares (GASX) Research
This investment vehicle seeks to generate daily returns, after accounting for fees, that are three times the inverse of the ISE-Revere Natural Gas IndexTM's daily performance. Under typical market conditions, the fund achieves this by deploying capital into a mix of financial instruments, such as swap agreements, futures contracts, and short positions. These holdings are strategically combined to deliver inverse (or short leveraged) exposure to the index, representing at least 80% of the fund's total net assets (including any borrowed funds used for investment). The underlying ISE-Revere Natural Gas IndexTM is constructed to exploit both immediate, event-driven news and broader, long-term market trends within the natural gas sector. Notably, this fund maintains a non-diversified portfolio, indicating a focused investment strategy.
Market snapshot
- Symbol
- GASX
- Price
- $16.00
- Day change
- +19.67%
- Market cap
- $17.1M
- 52-week range
- 7.367-49.9085
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
Recent news
- U.S. Natural Gas Futures Extend Decline
U.S. natural gas futures fell, with oil markets continuing to sell off on peace deal hopes and domestic weather-driven demand seen light for the next couple of weeks.
Peer companies
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- Direxion Daily Cloud Computing Bear 2X Shares (CLDS)
- Invesco DB Silver Fund (DBS)
- UBS ETRACS Monthly Pay 2xLeveraged Diversified High Income ETN (DVHL)
- Foundations Dynamic Value ETF (FDVL)
- UBS ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN (HDLV)
- UBS ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN (LMLP)
Open Direxion Daily Natural Gas Related Bear 3X Shares (GASX) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.