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 traded up 1.8% during trading on Monday . The stock traded as high as $41.28 and last traded at $40.59. 671,120 shares were traded during trading, a decline of 21% from the average session volume of 847,465 shares. The stock had previously closed at $39.88.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares Stock Up 0.9 %

The stock has a market capitalization of $529.03 million, a PE ratio of 1.52 and a beta of 1.45. The business’s 50-day moving average is $37.81 and its two-hundred day moving average is $34.96.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased 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. Tower Research Capital LLC TRC lifted its position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 185.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 98,180 shares of the company’s stock worth $3,210,000 after acquiring an additional 63,736 shares during the period. Simplex Trading LLC purchased a new position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the 4th quarter valued at approximately $1,944,000. Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the fourth quarter valued at approximately $327,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the third quarter worth approximately $235,000.

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.