Apr. 22 at 2:25 PM
$VG is 3% out of
$GUSH 2x leverage fund of oil and gas producers....
Energy producers will do well this year..
That's the reason it seemed to move inline with oil.. when in fact has nothing to do with oil.. nor domestic natgas... when the index moves all move..
What we know..??
$DRIP will get diluted to never land, just like many bear Direxion funds.. look at
$SOXS versus
$SOXL or others that are no longer with us.
they are not designed to work.. just lure in silly retail that want x multiple gains that live of hopium till they learn the hard way!!
Buy in solid companies instead of leverage funds that do gains multiple of daily on swaps and options.
https://www.direxion.com/product/daily-sp-oil-gas-exp-prod-bull-bear-2x-etfs