Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares Target of Unusually High Options Trading (NYSEARCA:GUSH)

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) was the recipient of some unusual options trading activity on Tuesday. Stock traders acquired 6,595 call options on the stock. This is an increase of 234% compared to the average volume of 1,972 call options.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares Stock Up 5.2 %

GUSH stock opened at $18.11 on Wednesday. The company has a market cap of $202.11 million, a PE ratio of 7.43 and a beta of 2.91. Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares has a 52 week low of $14.70 and a 52 week high of $42.54. The business has a 50-day simple moving average of $23.65 and a 200 day simple moving average of $27.88.

Institutional Investors Weigh In On Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Two Sigma Securities LLC bought a new position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the fourth quarter valued at about $724,000. Tower Research Capital LLC TRC increased its stake in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 573.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 94,290 shares of the company’s stock valued at $2,622,000 after buying an additional 80,294 shares during the period. Virtu Financial LLC bought a new position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the 4th quarter valued at approximately $770,000. SBI Securities Co. Ltd. acquired a new stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the 4th quarter worth approximately $105,000. Finally, IMC Chicago LLC acquired a new stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the 4th quarter worth approximately $401,000.

About Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares

The Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (GUSH) is an exchange-traded fund that mostly invests in energy equity. The fund provides 2x daily exposure to an equal-weighted index of the largest oil and gas exploration and production companies in the US. GUSH was launched on May 28, 2015 and is managed by Direxion.