Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH) Trading Down 0.8% – Should You Sell?

Posted by Joseph Casey on Sep 4th, 2026

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (NYSEARCA:GUSH – Get Free Report) were down 0.8% during mid-day trading on Thursday . The stock traded as low as $46.34 and last traded at $46.73. 631,906 shares traded hands during trading, a decline of 48% from the average session volume of 1,224,980 shares. The stock had previously closed at $47.10.

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

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

Positive Sentiment: Crude oil remains supported by escalating U.S.-Iran tensions and concerns about disruption around the Strait of Hormuz. Brent is moving toward a potential $100 test, while prediction-market odds of WTI reaching $95 this month have increased. Higher oil prices generally improve revenue and cash-flow expectations for exploration and production companies. Crude Oil Forecast: Brent Eyes $100 as Supply Risks Rise
Positive Sentiment: WTI’s technical breakout is gaining momentum, with analysts targeting $94 and potentially higher resistance levels. A sustained breakout could provide a favorable near-term trading environment for GUSH’s leveraged holdings. WTI Crude Oil Price Forecast: Channel Breakout Targets $94 and Higher
Positive Sentiment: U.S. commercial crude inventories fell by 4.5 million barrels, significantly more than the expected 300,000-barrel decline. The larger draw suggests tighter near-term balances and helped reinforce the bullish oil outlook. U.S. Crude Oil Stockpiles See Larger-Than-Expected Drop
Neutral Sentiment: OPEC+ is expected to leave its October production policy unchanged while completing the unwinding of one layer of output cuts. This avoids an immediate supply shock but could limit further support if production continues to rise. OPEC+ likely to keep oil output policy unchanged
Negative Sentiment: Oil futures have shown signs of a technical correction after a three-session advance, and WTI recently stalled near $92 as the geopolitical rally faded. Such profit-taking can pressure GUSH even while the broader trend remains constructive. Oil Futures Fall on Likely Technical Correction
Negative Sentiment: Reports that more than 17 million barrels of oil transited the Strait of Hormuz suggest that flows have not yet been fully disrupted. In addition, plans to more than double Venezuelan production over the next several years could create a longer-term supply overhang.

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

The stock has a market cap of $292.53 million, a price-to-earnings ratio of 8.13 and a beta of 1.03. The stock has a fifty day simple moving average of $38.28 and a two-hundred day simple moving average of $37.26.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC lifted its holdings in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares by 84.3% in the second quarter. Squarepoint Ops LLC now owns 57,348 shares of the company’s stock worth $1,305,000 after acquiring an additional 26,233 shares during the last quarter. Group One Trading LLC acquired a new position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares during the 1st quarter worth approximately $2,398,000. Tower Research Capital LLC TRC increased its position in 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 worth $1,031,000 after purchasing an additional 609 shares in the last quarter. Focus Partners Wealth bought a new position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares in the 1st quarter valued at approximately $547,000. Finally, SBI Securities Co. Ltd. boosted its position in 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 valued at $71,000 after buying an additional 933 shares in the last quarter.

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

(Get Free Report)

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.