Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH – Get Free Report) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 865,762 shares, a decrease of 15.8% from the February 12th total of 1,028,742 shares. Approximately 9.0% of the shares of the stock are sold short. Based on an average daily volume of 1,053,390 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 1,053,390 shares, the days-to-cover ratio is currently 0.8 days. Approximately 9.0% of the shares of the stock are sold short.
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares Stock Up 2.1%
Shares of NYSEARCA GUSH traded up $0.81 during midday trading on Wednesday, reaching $39.50. The company had a trading volume of 986,020 shares, compared to its average volume of 1,619,664. The stock has a market cap of $381.57 million, a PE ratio of 8.13 and a beta of 1.92. Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares has a one year low of $14.70 and a one year high of $39.68. The firm’s fifty day moving average price is $28.88 and its 200-day moving average price is $25.41.
Institutional Trading of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares
Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 1.5% in the third quarter. Tower Research Capital LLC TRC now owns 41,917 shares of the company’s stock worth $1,031,000 after purchasing an additional 609 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of 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 grew its position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 67.7% during the third quarter. Group One Trading LLC now owns 7,389 shares of the company’s stock valued at $182,000 after buying an additional 2,982 shares during the period. Squarepoint Ops LLC increased its holdings in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 80.7% during the fourth quarter. Squarepoint Ops LLC now owns 30,973 shares of the company’s stock valued at $678,000 after buying an additional 13,834 shares during the last quarter. Finally, Focus Partners Wealth purchased a new stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the first quarter valued at approximately $547,000.
Key Stories Impacting Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares
- Positive Sentiment: Middle East supply worries and shipping risks have pushed Brent/WTI sharply higher, supporting energy producers and leveraged E&P exposure like GUSH. Oil gains over 2% as market weighs Iran war supply risks
- Positive Sentiment: Bank of America raised its oil price outlook after the supply shock, implying a higher earnings outlook for U.S. producers that benefits a 2x E&P bull ETF. Oil shock lifts BofA outlook on US energy
- Neutral Sentiment: The Fed is widely expected to hold rates today; a neutral policy outcome reduces macro uncertainty, but markets are focused on whether hotter oil will complicate Fed communications — the near‑term impact on GUSH depends on oil direction. Fed meeting updates: FOMC set to hold rates steady as oil prices soar
- Neutral Sentiment: One-off supply fixes (an Iraq export deal to route oil around the Strait of Hormuz) have eased some near-term shipping risk and briefly softened oil, producing choppy price action traders are watching. Airlines IAG and easyJet rebound as oil prices soften slightly
- Negative Sentiment: Analysts and technicians warn of a heightened pullback risk after a strong run; elevated volatility and profit‑taking in oil could reverse gains in leveraged ETFs like GUSH quickly. Crude Oil Price Forecast: Risk of Pullback Heightened
- Negative Sentiment: Warnings that sustained high oil could tip the U.S. toward recession raise downside risk for cyclicals and financial markets broadly — a macro slowdown would eventually weigh on oil demand and GUSH. Moody’s Warns of Recession Risk if Oil Prices Stay Elevated
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.
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