Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH – Get Free Report) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,070,000 shares, an increase of 40.4% from the September 30th total of 761,900 shares. Currently, 10.6% of the shares of the company are sold short. Based on an average daily volume of 1,093,100 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily volume of 1,093,100 shares, the days-to-cover ratio is presently 1.0 days. Currently, 10.6% of the shares of the company are sold short.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Squarepoint Ops LLC lifted its position in 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 worth $1,305,000 after purchasing an additional 26,233 shares during the period. Tower Research Capital LLC TRC lifted its position in 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 worth $940,000 after purchasing an additional 11,519 shares during the period. Finally, Focus Partners Wealth bought a new position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the first quarter worth $547,000.
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares Price Performance
Shares of GUSH stock opened at $22.00 on Wednesday. The stock has a market cap of $219.12 million, a P/E ratio of 8.13 and a beta of 1.92. Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares has a one year low of $14.70 and a one year high of $35.87. The stock has a fifty day moving average price of $23.77 and a 200 day moving average price of $22.80.
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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