Investors Purchase High Volume of Call Options on Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH)

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) was the target of unusually large options trading activity on Friday. Stock traders purchased 3,411 call options on the stock. This is an increase of 91% compared to the typical volume of 1,783 call options.

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

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares stock opened at $32.25 on Friday. The stock has a market cap of $388.94 million, a PE ratio of 1.38 and a beta of 1.35. The stock’s fifty day moving average is $30.03 and its two-hundred day moving average is $35.21. Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares has a 1-year low of $25.08 and a 1-year high of $44.99.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Virtu Financial LLC purchased a new position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the 4th quarter valued at $4,156,000. Impala Asset Management LLC boosted its stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 56.9% in the second quarter. Impala Asset Management LLC now owns 219,700 shares of the company’s stock valued at $7,788,000 after acquiring an additional 79,700 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 185.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 98,180 shares of the company’s stock worth $3,210,000 after purchasing an additional 63,736 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the second quarter worth about $743,000. Finally, Pickering Energy Partners LP increased its position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 25.0% during the fourth quarter. Pickering Energy Partners LP now owns 20,000 shares of the company’s stock worth $654,000 after purchasing an additional 4,000 shares in the last quarter.

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.