Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF (NYSEARCA:GUSH) Shares Down 0.2% – Should You Sell?

Posted by Stanley Muller on Oct 9th, 2026

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF (NYSEARCA:GUSH – Get Free Report)’s stock price dropped 0.2% during trading on Wednesday. The stock traded as low as $43.64 and last traded at $44.46. 308,768 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 1,151,704 shares. The stock had previously closed at $44.53.

Key Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF News

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

Positive Sentiment: Supply-disruption risks are supporting crude prices. Gulf production shut-ins, attacks affecting shipping near the Strait of Hormuz and Saudi Arabia, and continued Middle East tensions are keeping Brent above $100 and WTI near $90. Higher crude prices are favorable for the exploration and production companies underlying GUSH. Oil rises as Middle East supply concerns persist amid shipping attacks
Positive Sentiment: Hurricane Isaias is threatening U.S. Gulf production and could create additional near-term supply losses. Forecasts also point to falling inventories, firm refinery demand and persistent production risks, all of which reinforce the bullish oil case. Crude Oil Price Forecast – Hurricane Threatens U.S. Production
Positive Sentiment: Technical analysts describe WTI as breaking above a bullish wedge and rebounding toward $91.40, with potential to challenge recent highs. Natural gas is also holding support, providing an additional tailwind for GUSH’s energy-sector exposure. WTI Crude Oil Price Forecast: Bullish Breakout Targets New Highs
Neutral Sentiment: Oil remains technically supported but is consolidating around major resistance levels. A failure to sustain the recent breakout could prompt a sharp pullback in GUSH because of its daily 2X leverage. Natural Gas and Oil Forecast: WTI Eyes $91.40, Can Brent Break $103.89?
Negative Sentiment: Oil edged lower in Asian trading, showing that traders remain cautious after the recent surge. A retreat in crude prices would likely weigh disproportionately on GUSH’s leveraged holdings. Oil Edges Lower; Prices Likely to Remain High in Short Term
Negative Sentiment: Higher oil prices are worsening inflation concerns, lifting Treasury yields and supporting the dollar, while pressuring broader stock-market sentiment. Those macroeconomic conditions can limit investor appetite for volatile leveraged ETFs even when energy fundamentals are strong. Oil Surge and European Debt Fears Pressure Global Markets

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF Price Performance

The company has a market capitalization of $229.11 million, a PE ratio of 8.13 and a beta of 1.25. The company has a 50-day moving average of $43.27 and a two-hundred day moving average of $39.10.

Institutional Investors Weigh In On Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF

An institutional investor recently bought a new stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF stock. Squarepoint Ops LLC purchased a new position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF (NYSEARCA:GUSH – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 54,188 shares of the company’s stock, valued at approximately $1,664,000. Squarepoint Ops LLC owned 0.87% of Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF at the end of the most recent reporting period.

About Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF

(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.