Short Interest in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) Expands By 32.6%

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) was the target of a large growth in short interest in August. As of August 15th, there was short interest totaling 1,300,000 shares, a growth of 32.6% from the July 31st total of 980,700 shares. Based on an average daily trading volume, of 1,153,200 shares, the short-interest ratio is presently 1.1 days. Based on an average daily trading volume, of 1,153,200 shares, the short-interest ratio is presently 1.1 days.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares Stock Up 4.0%

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares stock opened at $24.38 on Thursday. 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 $35.87. The firm’s 50-day simple moving average is $23.36 and its 200 day simple moving average is $22.67. The firm has a market capitalization of $256.23 million, a PE ratio of 8.13 and a beta of 4.38.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Focus Partners Wealth purchased a new stake in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the 1st quarter worth about $547,000. Tower Research Capital LLC TRC boosted its position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 38.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 41,308 shares of the company’s stock worth $940,000 after buying an additional 11,519 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 84.3% in the 2nd quarter. Squarepoint Ops LLC now owns 57,348 shares of the company’s stock worth $1,305,000 after buying an additional 26,233 shares in the last quarter.

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.