5 Best Performing Leveraged ETFs in 2022

3. Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (NYSEARCA:GUSH)

Leverage: 2x

YTD Return as of December 9: 53.19%

The Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (NYSEARCA:GUSH) invests in stocks of companies operating in the energy, oil & gas, and gas exploration & production sectors. The fund aims to deliver 2x the daily returns of the S&P Oil & Gas Exploration & Production Select Industry Index. As of December 9, the fund has appreciated by 53.19% year to date, outperforming the S&P 500 by more than 70%, and is placed third among the best performing leveraged ETFs in 2022.

The Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (NYSEARCA:GUSH) has $784.96 million in assets under management. The fund has 67 holdings and a top ten holdings concentration of 83.29%. One of the fund’s top holdings is Marathon Petroleum Corporation (NYSE:MPC). On November 3, Wells Fargo analyst Roger Read raised his price target on Marathon Petroleum Corporation (NYSE:MPC) to $131 from $116 and reiterated an Overweight rating on the shares.

As of December 9, Marathon Petroleum Corporation (NYSE:MPC) has gone up by 65.96% year to date and is offering a dividend yield of 2.75%. As of September 30, Elliott Management is the top investor in Marathon Petroleum Corporation (NYSE:MPC) and has stakes worth $1.09 billion.