Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) Shares Down 1.1% – Here’s Why

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH)’s share price were down 1.1% during mid-day trading on Tuesday . The company traded as low as $28.29 and last traded at $28.70. Approximately 596,939 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 1,399,852 shares. The stock had previously closed at $29.03.

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

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

• Positive Sentiment: OPEC output fell in January as supply from Nigeria and Libya dropped, tightening the market and providing upside support for oil prices — bullish for GUSH. OPEC oil output falls in January
• Positive Sentiment: Rising U.S.–Iran tensions and U.S. guidance for flagged vessels near the Strait of Hormuz keep a risk premium under crude, supporting prices and benefiting oil E&P exposure. Oil News: Crude Oil Firms on Iran Risks
• Positive Sentiment: EU moves and warnings about U.S. sanctions on Russian-linked refinery operations in Germany raise supply-risk headlines that can lift oil prices on tighter perceived supply. Rosneft oil refinery in Germany warns of risks from US sanctions
• Positive Sentiment: Technical analysis shows crude forming a bull pennant and coiling near key moving averages — traders see breakout potential that could extend recent gains, supporting leveraged E&P ETFs like GUSH. Crude Oil Price Forecast: Bull Pennant Signals Breakout Potential
• Neutral Sentiment: Mixed short-term price action — reports of profit-taking and consolidation mean traders are cautious; this can produce choppy intraday moves in GUSH without a clear directional driver. Oil drifts lower as traders weigh supply risks amid U.S.–Iran tensions
• Negative Sentiment: The U.S. Treasury issued a general license allowing U.S. companies to supply equipment and technology to Venezuela to support oil production — that increases potential future supply and is bearish for oil and GUSH. Treasury Allows U.S. Companies to Provide Supplies to Venezuela for Oil Production
• Negative Sentiment: Production increases at major producers (Petrobras’ Q4 output +18%) and reports that Venezuela has reversed cuts and is boosting Orinoco Belt production point to higher near‑term supply — headwinds for oil prices and thus for GUSH. Petrobras’ Q4 oil and gas output rises 18% from year before Venezuela boosts oil output in Orinoco Belt
• Negative Sentiment: Sector weakness signaled by majors (e.g., BP suspending buybacks) reflects lower cash returns amid price pressure — a negative sentiment overlay for energy equities and leveraged E&P ETFs. Oil major BP suspends buybacks

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

The business’s fifty day moving average price is $23.93 and its 200 day moving average price is $23.62. The stock has a market cap of $277.24 million, a P/E ratio of 8.13 and a beta of 1.92.

Institutional Trading of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares

Hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC increased its holdings in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 84.3% during the second quarter. Squarepoint Ops LLC now owns 57,348 shares of the company’s stock worth $1,305,000 after buying an additional 26,233 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 1.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 41,917 shares of the company’s stock valued at $1,031,000 after acquiring an additional 609 shares in 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 3rd quarter. Group One Trading LLC now owns 7,389 shares of the company’s stock worth $182,000 after acquiring an additional 2,982 shares during the last quarter. Focus Partners Wealth acquired a new position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the 1st quarter worth about $547,000. Finally, SBI Securities Co. Ltd. increased its holdings in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 40.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 3,264 shares of the company’s stock worth $71,000 after purchasing an additional 933 shares in the last quarter.

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