Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) Stock Price Up 1.8%

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH)’s stock price were up 1.8% during trading on Monday . The stock traded as high as $41.28 and last traded at $40.59. Approximately 671,120 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 847,465 shares. The stock had previously closed at $39.88.

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

The business has a fifty day moving average of $37.81 and a 200 day moving average of $34.96. The stock has a market cap of $529.03 million, a PE ratio of 1.52 and a beta of 1.45.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GUSH. Headlands Technologies LLC grew its stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 82.8% in the fourth quarter. Headlands Technologies LLC now owns 991 shares of the company’s stock worth $32,000 after purchasing an additional 449 shares in the last quarter. Impact Partnership Wealth LLC acquired a new position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the 3rd quarter worth approximately $31,000. U S Global Investors Inc. bought a new stake in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the 1st quarter valued at approximately $45,000. Banque Cantonale Vaudoise acquired a new stake in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the 3rd quarter valued at approximately $43,000. Finally, Hodges Capital Management Inc. lifted its stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 60.0% during the first quarter. Hodges Capital Management Inc. now owns 10,000 shares of the company’s stock worth $410,000 after purchasing an additional 3,750 shares during the last quarter.

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.