Stock Traders Buy Large Volume of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares Call Options (NYSEARCA:GUSH)

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) saw unusually large options trading on Tuesday. Traders acquired 6,595 call options on the company. This represents an increase of approximately 234% compared to the average daily volume of 1,972 call options.

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

Several hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC grew its stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 573.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 94,290 shares of the company’s stock worth $2,622,000 after buying an additional 80,294 shares during the last quarter. Virtu Financial LLC acquired a new stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the fourth quarter worth about $770,000. Two Sigma Securities LLC purchased a new stake in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the fourth quarter worth about $724,000. IMC Chicago LLC acquired a new position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the fourth quarter valued at about $401,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the 4th quarter valued at approximately $105,000.

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

Shares of NYSEARCA GUSH opened at $18.11 on Wednesday. Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares has a 1-year low of $14.70 and a 1-year high of $42.54. The business has a fifty day moving average price of $23.65 and a 200 day moving average price of $27.88. The stock has a market capitalization of $202.11 million, a P/E ratio of 7.43 and a beta of 2.91.

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

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.