Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH – Get Free Report) shot up 1.1% during trading on Friday . The stock traded as high as $25.58 and last traded at $25.33. 942,669 shares changed hands during trading, an increase of 5% from the average session volume of 894,531 shares. The stock had previously closed at $25.05.
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares Price Performance
The stock’s fifty day moving average is $22.73 and its 200-day moving average is $24.64. The stock has a market cap of $273.92 million, a PE ratio of 8.13 and a beta of 4.38.
Institutional Trading of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 573.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 94,290 shares of the company’s stock worth $2,622,000 after buying an additional 80,294 shares during the period. Virtu Financial LLC acquired a new position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the 4th quarter valued at about $770,000. Two Sigma Securities LLC purchased a new stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the fourth quarter worth about $724,000. Finally, Focus Partners Wealth purchased a new stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the first quarter worth about $547,000.
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.
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