Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) Trading Down 0.2%

Shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) dropped 0.2% during mid-day trading on Friday . The stock traded as low as $28.56 and last traded at $29.46. Approximately 440,739 shares traded hands during trading, a decline of 35% from the average daily volume of 683,194 shares. The stock had previously closed at $29.53.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares Stock Down 0.2 %

The firm has a fifty day moving average price of $31.25 and a 200-day moving average price of $35.70. The firm has a market cap of $355.29 million, a price-to-earnings ratio of 1.38 and a beta of 1.35.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GUSH. Virtu Financial LLC acquired a new position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the fourth quarter worth about $4,156,000. Impala Asset Management LLC boosted its holdings in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 56.9% in the second quarter. Impala Asset Management LLC now owns 219,700 shares of the company’s stock worth $7,788,000 after purchasing an additional 79,700 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 185.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 98,180 shares of the company’s stock worth $3,210,000 after purchasing an additional 63,736 shares during the period. Squarepoint Ops LLC bought a new stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the second quarter valued at $743,000. Finally, Simplex Trading LLC lifted its stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 28.9% in the first quarter. Simplex Trading LLC now owns 76,659 shares of the company’s stock valued at $3,143,000 after buying an additional 17,189 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.