GUSH is the bull version of DRIP (the inverse Oil & Gas) ETF. With Oil prices and energy stocks in general taking SUCH a beating this could be worth a look if you think they will go back up at some stage. There might still be some turbulence ahead, but worth a watch. Definitely worth Googling or talking to your broker first as leveraged ETFs can be a bit trickier for a longer term buy and hold just because of how they work. Could be fun to buy a small amount and then put them in a drawer and forget about them for a while. USO is potentially another to look at.
The Direxion Daily S&P Oil & Gas Exp. & Prod. Bull and Bear 2X Shares seek daily investment results, before fees and expenses, of 200%, or 200% of the inverse (or opposite - ie DRIP), of the performance of the S&P Oil & Gas Exploration & Production Select Industry Index
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Been quite volatile but has been as high as a 60% gain before pulling back. Still lots of upside if it things start to normalise.
OPEC is going to begin oil production cuts starting May 1. Its possible Oil stocks will react positively in the short term to that news and then drop out again. GUSH could be that play.
lvbbaehr
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GUSH broke out of its Pennant to the up side today.....Hopefully this is it!
SindubioJunior
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@Angusmck any comments around the liquidity? I see that there has been a few similar instruments close/delist recently. Albeit mainly ETNs
SindubioJunior
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@Angusmck any updated thoughts on GUSH? Still worth keeping them in the bottom of the drawer? Thanks