What happened to gush stock

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Direxion has announced it will execute forward share splits for three of its ETFs and a reverse share split for one of its ETF. The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares for the reverse split, as outlined below. Bull 2X Shares. As a result of these share splits, shareholders of each Fund will receive five or four, as applicable, shares for each share held of the applicable Fund as indicated in the table above. No transaction fees will be imposed on shareholders in connection with the share splits. As a result of the reverse split, every ten shares of the Fund will be exchanged for one share as indicated in the table above.

What happened to gush stock

The drop in oil prices was a result of concerns about global oil demand due to weak economic data from the U. Brent futures and U. This negative sentiment was further exacerbated by increasing unemployment benefit claims and declining retail sales in the U. Despite earlier predictions of supply tightness, U. As GUSH's performance is closely linked to oil prices, any significant oil price movement can impact the stock's value. The reason why GUSH is down today is due to a sharp drop in oil prices. The decline was driven by a combination of factors, including mixed economic data from China and increased oil exports from OPEC countries. Additionally, the strengthening U. These factors, along with concerns about rising oil supply and falling demand, created a less favorable market environment for oil prices. The reason why GUSH is down today is due to a decrease in oil prices driven by profit-taking among traders and a stronger U.

Brent futures and U.

Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility.

Key events shows relevant news articles on days with large price movements. LABU 0. Direxion Daily Energy Bull 2x Shares. ERX 0. NUGT 0. SOXL TECL 4.

What happened to gush stock

Direxion has announced it will execute forward share splits for three of its ETFs and a reverse share split for one of its ETF. The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares for the reverse split, as outlined below. Bull 2X Shares. As a result of these share splits, shareholders of each Fund will receive five or four, as applicable, shares for each share held of the applicable Fund as indicated in the table above. No transaction fees will be imposed on shareholders in connection with the share splits. As a result of the reverse split, every ten shares of the Fund will be exchanged for one share as indicated in the table above. Accordingly, the total number of the issued and outstanding shares for the Fund will decrease by the approximate percentage indicated above. The table below illustrates the effect of a hypothetical one-for-ten reverse split anticipated for the Fund:.

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The reason the fund has lost over half its value since peaking is that the underlying index itself is down nearly 20 percent in the last three months. What analysis is available, however, suggests that GUSH could drop by another 14 percent over the coming three months. There is no guarantee these ETFs will meet their objective. This was a 2 for 1 split, meaning for each share of GUSH owned pre-split, the shareholder now owned 2 shares. GUSH's 5th split took place on November 22, Similar to GUSH. Cap: Volume 24h :. For example, a share position pre-split, became a 10 share position following the split. View source version on newsdirect. Home Investing.

GUSH, like other energy funds and stocks, is taking an extra beating. Crude oil prices are bouncing up today, but it may be too little to help energy fund investors. It is a triple leveraged ETF linked to the US energy exploration and production sector and is an extreme example of the risks in triple leverage funds, which are designed to move three times the daily change in the underlying index.

There is no guarantee these ETFs will meet their objective. GUSH maintains a gross expense ratio of 1. What analysis is available, however, suggests that GUSH could drop by another 14 percent over the coming three months. GUSH's 6th split took place on March 24, All of this is to say that GUSH is a good ETF to be in if and only if the underlying index, which is heavily correlated to oil prices and demand, begins to rise again. After Hours: Leveraged and Inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. Nasdaq Futures 18, For example, a share position pre-split, became a share position following the split. Edgio, Inc. Reverse Split Ratio. This was a 1 for 40 reverse split, meaning for each 40 shares of GUSH owned pre-split, the shareholder now owned 1 share. Despite earlier predictions of supply tightness, U. As a result of these share splits, shareholders of each Fund will receive five or four, as applicable, shares for each share held of the applicable Fund as indicated in the table above. Although it is up on a month basis, GUSH has had a poor year so far in