Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) Shares Gap Down to $106.10

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSHGet Rating) shares gapped down before the market opened on Wednesday . The stock had previously closed at $106.10, but opened at $103.00. Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares shares last traded at $103.50, with a volume of 81,655 shares trading hands.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares Stock Up 1.5 %

The stock has a market cap of $531.22 million, a price-to-earnings ratio of 10.79 and a beta of 4.38. The business has a 50-day moving average of $117.31 and a 200-day moving average of $137.29.

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

A number of institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 32.5% during the first quarter. JPMorgan Chase & Co. now owns 755 shares of the company’s stock valued at $93,000 after buying an additional 185 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 27.3% in the first quarter. Jane Street Group LLC now owns 42,005 shares of the company’s stock worth $5,164,000 after purchasing an additional 9,002 shares during the period. HRT Financial LP increased its stake in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 105.1% in the first quarter. HRT Financial LP now owns 52,826 shares of the company’s stock worth $6,494,000 after purchasing an additional 27,072 shares during the period. UBS Group AG increased its stake in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 66.5% in the first quarter. UBS Group AG now owns 3,374 shares of the company’s stock worth $415,000 after purchasing an additional 1,347 shares during the period. Finally, Headlands Technologies LLC increased its stake in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 489.8% in the first quarter. Headlands Technologies LLC now owns 749 shares of the company’s stock worth $92,000 after purchasing an additional 622 shares during the period.

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

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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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