Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) Trading Up 2.4%

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) were up 2.4% during mid-day trading on Thursday . The stock traded as high as $35.10 and last traded at $34.66. Approximately 399,449 shares were traded during trading, a decline of 43% from the average daily volume of 705,621 shares. The stock had previously closed at $33.85.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares Stock Up 1.0 %

The firm has a market capitalization of $422.10 million, a P/E ratio of 1.38 and a beta of 1.35. The company’s 50 day moving average is $35.91 and its 200-day moving average is $35.96.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GUSH. Virtu Financial LLC bought a new position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the fourth quarter valued at $4,156,000. Tower Research Capital LLC TRC lifted its position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 185.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 98,180 shares of the company’s stock valued at $3,210,000 after purchasing an additional 63,736 shares in the last quarter. Simplex Trading LLC bought a new position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the fourth quarter valued at about $1,944,000. Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the fourth quarter valued at about $327,000. Finally, Pickering Energy Partners LP lifted its position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 25.0% during the fourth quarter. Pickering Energy Partners LP now owns 20,000 shares of the company’s stock valued at $654,000 after purchasing an additional 4,000 shares in 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.