Avondale Wealth Management trimmed its stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH – Free Report) by 20.0% in the 4th quarter, HoldingsChannel reports. The firm owned 1,600 shares of the company’s stock after selling 400 shares during the period. Avondale Wealth Management’s holdings in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares were worth $44,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of the stock. Hodges Capital Management Inc. purchased a new stake in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the third quarter worth $282,000. Squarepoint Ops LLC purchased a new stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the 2nd quarter worth $743,000. Finally, Impala Asset Management LLC raised its holdings in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 14.1% during the third quarter. Impala Asset Management LLC now owns 250,654 shares of the company’s stock valued at $7,066,000 after acquiring an additional 30,954 shares during the period.
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares Stock Performance
Shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares stock traded up $0.91 during trading hours on Friday, hitting $31.00. The company’s stock had a trading volume of 608,964 shares, compared to its average volume of 773,488. Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares has a 12-month low of $24.56 and a 12-month high of $44.99. The business has a 50 day moving average price of $30.01 and a two-hundred day moving average price of $30.93. The company has a market cap of $373.86 million, a PE ratio of 1.38 and a beta of 1.35.
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares 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.
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