Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares Target of Unusually High Options Trading (NYSEARCA:GUSH)

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) was the recipient of unusually large options trading activity on Friday. Traders acquired 3,906 call options on the stock. This represents an increase of approximately 73% compared to the typical volume of 2,259 call options.

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

Hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. acquired a new stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the 4th quarter worth $105,000. Focus Partners Wealth acquired a new position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the 1st quarter valued at $547,000. Two Sigma Securities LLC acquired a new position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the 4th quarter valued at $724,000. Virtu Financial LLC bought a new stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the 4th quarter worth about $770,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 573.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 94,290 shares of the company’s stock valued at $2,622,000 after acquiring an additional 80,294 shares during the last quarter.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares Stock Up 1.0%

NYSEARCA:GUSH opened at $25.97 on Friday. The company has a fifty day moving average of $21.02 and a 200 day moving average of $25.09. Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares has a 52 week low of $14.70 and a 52 week high of $38.18. The firm has a market capitalization of $279.44 million, a P/E ratio of 8.13 and a beta of 1.92.

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.