Stock Traders Buy Large Volume of Call Options on Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH)

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) was the recipient of unusually large options trading activity on Friday. Investors purchased 8,537 call options on the company. This represents an increase of approximately 274% compared to the average volume of 2,281 call options.

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

GUSH stock opened at $31.10 on Friday. The company has a 50 day moving average price of $24.69 and a two-hundred day moving average price of $23.97. The stock has a market capitalization of $300.43 million, a P/E ratio of 8.13 and a beta of 1.92. Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares has a one year low of $14.70 and a one year high of $31.32.

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

Here are the key news stories impacting Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares this week:

• Positive Sentiment: Geopolitical risk around a possible U.S. strike on Iran is lifting oil prices, which benefits GUSH as a 2x oil & gas E&P bull product. Oil prices rise as Trump puts time limit on Iran stand-off
• Positive Sentiment: Unusual options activity: traders bought 8,537 call options on GUSH (a ~274% jump vs. average), a direct bullish signal on short‑term positioning in the ETF.
• Positive Sentiment: U.S. crude inventories showed a large weekly draw (reports of ~9 million barrels), tightening near-term supply and supporting higher oil prices. U.S. Crude Oil Stockpiles Post Hefty Decline
• Neutral Sentiment: Hungary plans to release 250,000 tonnes from strategic reserves after Druzhba pipeline flows stopped — a supply release that partially offsets regional disruption risk. Hungary’s government to release 250,000 tons of crude oil from strategic reserves
• Neutral Sentiment: The U.S. extended a sanctions waiver for Serbia’s Russian‑owned NIS until March 20, allowing continued crude imports to the Balkans and limiting further near‑term supply shocks. US grants sanctions waiver to Serbia’s Russia-owned NIS oil firm
• Negative Sentiment: Some profit‑taking ahead of the weekend and traders booking gains after the geopolitical spike pushed oil lower in spots, which can cap short‑term upside for GUSH. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Moves Lower As Trump Says He Is Thinking About A Limited Strike Against Iran
• Negative Sentiment: Technical resistance in crude (analysts note major caps around recent levels) raises the risk of short-term pullbacks even as geopolitical risk remains elevated. Crude Oil Price Analysis – Crude Oil Continues to See Resistance Above

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

Several institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 1.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 41,917 shares of the company’s stock worth $1,031,000 after buying an additional 609 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 40.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 3,264 shares of the company’s stock worth $71,000 after acquiring an additional 933 shares during the period. Group One Trading LLC boosted its position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 67.7% in the third quarter. Group One Trading LLC now owns 7,389 shares of the company’s stock worth $182,000 after acquiring an additional 2,982 shares during the last quarter. Squarepoint Ops LLC boosted its position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 80.7% in the fourth quarter. Squarepoint Ops LLC now owns 30,973 shares of the company’s stock worth $678,000 after acquiring an additional 13,834 shares during the last quarter. Finally, Focus Partners Wealth purchased a new stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the first quarter valued at approximately $547,000.

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

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.