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) saw some unusual options trading on Friday. Traders bought 3,906 call options on the company. This represents an increase of approximately 73% compared to the typical volume of 2,259 call options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the fourth quarter valued at $105,000. Focus Partners Wealth acquired a new position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the first quarter valued at $547,000. Two Sigma Securities LLC acquired a new position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the fourth quarter valued at $724,000. Virtu Financial LLC acquired a new position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the fourth quarter valued at $770,000. Finally, Tower Research Capital LLC TRC lifted its holdings in 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.

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

NYSEARCA:GUSH opened at $25.97 on Friday. 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 $38.18. The firm has a market capitalization of $279.44 million, a PE ratio of 8.13 and a beta of 1.92. The stock has a 50-day simple moving average of $21.02 and a two-hundred day simple moving average of $25.09.

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.