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Did Gush Reverse Split?

Sophia Al-Mansoor • • 5 min read
Did Gush Reverse Split?

Massive Reverse Splits Announced
On Tuesday, Direxion announced a 1-for-40 reverse split for GUSH, as well as a 1-for-10 split for the more broadly based Direxion Daily Energy Bull 3x Shares (ERX), and a whopping 1-for-100 split for GASL.

Is GUSH reverse split?

As a result of the reverse stock split, each GUSH ETF will be converted into the right to receive 0.025 (New) Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares. The reverse stock split will become effective before the market open on March 24, 2020.

What happened GUSH ETF?

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.

Sophia Al-Mansoor
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Sophia Al-Mansoor

Sophia analyzes international trade, startup ecosystems, retail transformation, and supply chain logistics for modern digital publications.