Tower Research Capital LLC TRC Boosts Stock Position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH)

Tower Research Capital LLC TRC raised its holdings in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) by 573.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 94,290 shares of the company’s stock after buying an additional 80,294 shares during the period. Tower Research Capital LLC TRC’s holdings in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares were worth $2,622,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. IMC Chicago LLC acquired a new position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the 4th quarter worth approximately $401,000. SBI Securities Co. Ltd. bought a new stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the fourth quarter valued at $105,000. Finally, Virtu Financial LLC acquired a new stake in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the fourth quarter worth $770,000.

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

NYSEARCA GUSH opened at $17.21 on Tuesday. The firm has a market capitalization of $192.06 million, a PE ratio of 7.43 and a beta of 2.91. 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 $42.54. The company has a 50-day simple moving average of $23.86 and a 200-day simple moving average of $27.95.

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.