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

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH)’s share price traded down 2.8% on Monday . The stock traded as low as $22.61 and last traded at $23.13. 947,240 shares traded hands during 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 stock has a market capitalization of $230.37 million, a P/E ratio of 8.13 and a beta of 1.92. The company’s 50 day simple moving average is $23.45 and its two-hundred day simple moving average is $23.59.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Group One Trading LLC boosted its stake 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 acquired a new stake in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the first quarter valued at $547,000. Tower Research Capital LLC TRC raised its holdings in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 38.7% in the second quarter. Tower Research Capital LLC TRC now owns 41,308 shares of the company’s stock valued at $940,000 after buying an additional 11,519 shares during the last quarter. Finally, Squarepoint Ops LLC raised its holdings in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 84.3% in the second 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 during the last quarter.

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

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.