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

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

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

The company has a market capitalization of $418.00 million, a price-to-earnings ratio of 1.38 and a beta of 1.35. The stock’s fifty day simple moving average is $36.07 and its two-hundred day simple moving average is $35.95.

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

A number of institutional investors and hedge funds have recently modified their holdings of GUSH. Headlands Technologies LLC raised its holdings in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 82.8% during the fourth quarter. Headlands Technologies LLC now owns 991 shares of the company’s stock worth $32,000 after purchasing an additional 449 shares during the period. U S Global Investors Inc. bought a new position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the first quarter worth about $45,000. SG Americas Securities LLC bought a new position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the first quarter worth about $105,000. 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 worth about $327,000. Finally, Hodges Capital Management Inc. grew its position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 60.0% during the first quarter. Hodges Capital Management Inc. now owns 10,000 shares of the company’s stock worth $410,000 after acquiring an additional 3,750 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.