Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) Shares Down 2.8% – Here’s What Happened

Shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) traded down 2.8% on Monday . The company traded as low as $22.61 and last traded at $23.13. 947,240 shares changed hands during mid-day trading, a decline of 9% from the average session volume of 1,042,784 shares. The stock had previously closed at $23.79.

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

The company has a 50 day moving average price of $23.37 and a 200-day moving average price of $23.59. The stock has a market capitalization of $222.71 million, a PE ratio of 8.13 and a beta of 1.92.

Institutional Trading of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its stake in shares of 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 valued at $1,031,000 after purchasing an additional 609 shares during the period. Group One Trading LLC raised its holdings in 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 purchasing an additional 2,982 shares in the last quarter. Focus Partners Wealth purchased a new position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the first quarter valued at $547,000. Finally, Squarepoint Ops LLC boosted its holdings in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 84.3% during the 2nd quarter. Squarepoint Ops LLC now owns 57,348 shares of the company’s stock valued at $1,305,000 after buying an additional 26,233 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.