Avondale Wealth Management Sells 400 Shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH)

Avondale Wealth Management cut its stake in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) by 20.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,600 shares of the company’s stock after selling 400 shares during the quarter. Avondale Wealth Management’s holdings in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares were worth $44,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Impala Asset Management LLC grew its position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 14.1% in the 3rd quarter. Impala Asset Management LLC now owns 250,654 shares of the company’s stock worth $7,066,000 after purchasing an additional 30,954 shares in the last quarter. Hodges Capital Management Inc. bought a new position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the third quarter valued at approximately $282,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the second quarter valued at approximately $743,000.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares Stock Up 3.0 %

GUSH stock traded up $0.91 during midday trading on Friday, hitting $31.00. The company’s stock had a trading volume of 608,964 shares, compared to its average volume of 773,488. The stock has a market cap of $373.86 million, a price-to-earnings ratio of 1.38 and a beta of 1.35. The stock’s 50-day moving average price is $30.01 and its 200 day moving average price is $30.93. Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares has a 1 year low of $24.56 and a 1 year high of $44.99.

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.