Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) Shares Up 2.6% – What’s Next?

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) rose 2.6% during trading on Tuesday . The stock traded as high as $28.10 and last traded at $27.81. Approximately 879,148 shares traded hands during mid-day trading, an increase of 22% from the average daily volume of 723,309 shares. The stock had previously closed at $27.10.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares Stock Up 2.6 %

The business’s fifty day moving average is $29.93 and its 200 day moving average is $31.12. The stock has a market cap of $335.39 million, a PE ratio of 1.38 and a beta of 1.35.

Hedge Funds Weigh In On Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares

Several hedge funds and other institutional investors have recently bought and sold shares of GUSH. Avondale Wealth Management raised its position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 150.0% during the third quarter. Avondale Wealth Management now owns 2,000 shares of the company’s stock worth $56,000 after acquiring an additional 1,200 shares during the last quarter. Hodges Capital Management Inc. acquired a new position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the 3rd quarter worth approximately $282,000. Squarepoint Ops LLC purchased a new stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the 2nd quarter valued at approximately $743,000. Finally, Impala Asset Management LLC grew its holdings in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 14.1% during the 3rd quarter. Impala Asset Management LLC now owns 250,654 shares of the company’s stock valued at $7,066,000 after buying an additional 30,954 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.