Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH – Get Free Report) were up 1.8% on Monday . The company traded as high as $41.28 and last traded at $40.59. Approximately 671,120 shares traded hands during trading, a decline of 21% from the average daily volume of 847,465 shares. The stock had previously closed at $39.88.
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares Trading Up 1.8 %
The business has a fifty day moving average price of $37.60 and a two-hundred day moving average price of $34.91. The firm has a market capitalization of $517.93 million, a PE ratio of 1.52 and a beta of 1.45.
Hedge Funds 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 GUSH. Impact Partnership Wealth LLC purchased a new position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the 3rd quarter valued at about $31,000. GEM Asset Management LLC purchased a new position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the 3rd quarter valued at about $214,000. Banque Cantonale Vaudoise purchased a new position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the 3rd quarter valued at about $43,000. Quadrature Capital Ltd purchased a new position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the 3rd quarter valued at about $235,000. Finally, 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 about $1,944,000.
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.
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