Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) Sees Large Growth in Short Interest

Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 159,836 shares, an increase of 57.5% from the December 15th total of 101,461 shares. Based on an average daily trading volume, of 211,041 shares, the short-interest ratio is presently 0.8 days. Currently, 4.3% of the company’s shares are sold short. Currently, 4.3% of the company’s shares are sold short. Based on an average daily trading volume, of 211,041 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On Direxion Daily Energy Bull 2x Shares

A number of institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its position in shares of Direxion Daily Energy Bull 2x Shares by 17.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,650 shares of the company’s stock worth $85,000 after acquiring an additional 250 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Direxion Daily Energy Bull 2x Shares in the 2nd quarter valued at $116,000. SBI Securities Co. Ltd. increased its position in shares of Direxion Daily Energy Bull 2x Shares by 105.8% during the second quarter. SBI Securities Co. Ltd. now owns 2,719 shares of the company’s stock worth $140,000 after buying an additional 1,398 shares during the period. Qube Research & Technologies Ltd increased its position in shares of Direxion Daily Energy Bull 2x Shares by 679.8% during the third quarter. Qube Research & Technologies Ltd now owns 3,158 shares of the company’s stock worth $178,000 after buying an additional 2,753 shares during the period. Finally, Atria Investments Inc raised its stake in Direxion Daily Energy Bull 2x Shares by 30.6% during the second quarter. Atria Investments Inc now owns 5,837 shares of the company’s stock worth $300,000 after buying an additional 1,368 shares during the last quarter.

Direxion Daily Energy Bull 2x Shares Stock Up 0.3%

NYSEARCA ERX traded up $0.19 on Friday, hitting $63.15. The company’s stock had a trading volume of 192,947 shares, compared to its average volume of 434,895. Direxion Daily Energy Bull 2x Shares has a 1-year low of $40.60 and a 1-year high of $67.11. The company’s 50-day moving average is $57.38 and its 200 day moving average is $55.35. The firm has a market cap of $234.29 million, a PE ratio of 14.85 and a beta of 1.54.

Direxion Daily Energy Bull 2x Shares Company Profile

The Direxion Daily Energy Bull 2X Shares (ERX) is an exchange-traded fund that is based on the Energy Select Sector index. The fund provides 2x leveraged exposure to a market-cap-weighted index of US large-cap companies in the energy industry. ERX was launched on Nov 6, 2008 and is managed by Direxion.