Short Interest in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) Declines By 15.8%

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSHGet Free Report) was the recipient of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 865,762 shares, a drop of 15.8% from the February 12th total of 1,028,742 shares. Approximately 9.0% of the company’s stock are sold short. Based on an average daily volume of 1,053,390 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 1,053,390 shares, the short-interest ratio is currently 0.8 days. Approximately 9.0% of the company’s stock are sold short.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares News Roundup

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

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

Large investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its holdings in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 40.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 3,264 shares of the company’s stock worth $71,000 after buying an additional 933 shares during the last quarter. Group One Trading LLC lifted its stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 67.7% in the third quarter. Group One Trading LLC now owns 7,389 shares of the company’s stock valued at $182,000 after acquiring an additional 2,982 shares during the last quarter. Focus Partners Wealth bought a new stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the first quarter worth approximately $547,000. Squarepoint Ops LLC grew its position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 80.7% in the fourth quarter. Squarepoint Ops LLC now owns 30,973 shares of the company’s stock worth $678,000 after acquiring an additional 13,834 shares in the last quarter. Finally, 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% during the 2nd 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 last quarter.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares Trading Down 0.1%

NYSEARCA GUSH traded down $0.03 on Monday, reaching $37.70. The stock had a trading volume of 1,225,519 shares, compared to its average volume of 1,619,903. 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 $38.32. The business has a 50 day moving average price of $28.24 and a 200 day moving average price of $25.22. The company has a market capitalization of $364.18 million, a price-to-earnings ratio of 8.13 and a beta of 1.92.

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

(Get Free Report)

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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