Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) Stock Price Down 0.9% – Should You Sell?

Shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) traded down 0.9% on Tuesday . The stock traded as low as $22.77 and last traded at $22.96. 1,252,818 shares were traded during trading, a decline of 14% from the average session volume of 1,463,555 shares. The stock had previously closed at $23.18.

Key Headlines Impacting Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares

Here are the key news stories impacting Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares this week:

• Positive Sentiment: Extended outage at Kazakhstan’s Tengiz field raises near-term supply risk, tightening crude balances and supporting oil-price upside — a tailwind for GUSH as a leveraged E&P play. Read More.
• Positive Sentiment: Better-than-expected China growth data boosted demand optimism, lifting oil prices and giving sector ETFs like GUSH a positive demand narrative to offset supply worries. Read More.
• Neutral Sentiment: Technical/market commentary shows oil rebounding from support and attempting another upside test (WTI near/above $60), which suggests short-term rallies are possible but not yet decisive for sustained ETF gains. Read More.
• Neutral Sentiment: Sector earnings/updates may influence near-term flows — Halliburton’s (HAL) quarterly preview could offer commentary on international opportunities (e.g., Venezuela) that affect drilling activity and services demand, indirectly relevant to E&P exposure in GUSH. Read More.
• Negative Sentiment: WTI fell overall after markets judged Kazakh disruption risks to be easing and expected U.S. crude inventory builds, pressuring oil prices and weighing on leveraged E&P ETFs like GUSH. Read More.
• Negative Sentiment: Easing geopolitical tensions (Iran protests/attack risk diminished) and trade-war worries that could dent demand have reduced the risk premium in oil — another headwind for oil-leveraged ETFs. Read More.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares Trading Down 0.9%

The firm’s 50 day simple moving average is $23.23 and its two-hundred day simple moving average is $23.36. The firm has a market cap of $217.20 million, a price-to-earnings ratio of 8.13 and a beta of 1.92.

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

Large investors have recently bought and sold shares of the company. 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 approximately $547,000. Squarepoint Ops LLC boosted its holdings in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 84.3% in the 2nd quarter. Squarepoint Ops LLC now owns 57,348 shares of the company’s stock valued at $1,305,000 after purchasing an additional 26,233 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 38.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 41,308 shares of the company’s stock valued at $940,000 after purchasing an additional 11,519 shares during the last quarter. Finally, Group One Trading LLC raised its holdings in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 67.7% during the 3rd quarter. Group One Trading LLC now owns 7,389 shares of the company’s stock worth $182,000 after buying an additional 2,982 shares in 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.