Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) Shares Down 1.3% – Should You Sell?

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH)’s share price were down 1.3% during trading on Tuesday . The stock traded as low as $16.72 and last traded at $16.77. Approximately 823,315 shares traded hands during trading, an increase of 14% from the average daily volume of 721,430 shares. The stock had previously closed at $16.99.

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

The business’s 50-day moving average price is $24.77 and its two-hundred day moving average price is $28.31. The firm has a market cap of $168.71 million, a price-to-earnings ratio of 10.19 and a beta of 2.91.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were issued a dividend of $0.1644 per share. The ex-dividend date was Tuesday, March 25th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the fourth quarter worth about $105,000. IMC Chicago LLC acquired a new stake in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the 4th quarter worth approximately $401,000. Two Sigma Securities LLC bought a new stake in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the 4th quarter worth approximately $724,000. Virtu Financial LLC bought a new stake in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the 4th quarter worth approximately $770,000. Finally, 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.

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.