Direxion Daily Energy Bear 2X ETF (NYSEARCA:ERY) Short Interest Update

Direxion Daily Energy Bear 2X ETF (NYSEARCA:ERY) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 375,987 shares, a growth of 59.2% from the August 31st total of 236,222 shares. Based on an average daily trading volume, of 14,198,928 shares, the days-to-cover ratio is presently 0.0 days. Currently, 7.5% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ERY. Group One Trading LLC increased its stake in Direxion Daily Energy Bear 2X ETF by 4,117.1% during the first quarter. Group One Trading LLC now owns 14,760 shares of the exchange traded fund’s stock worth $152,000 after acquiring an additional 14,410 shares during the last quarter. Virtu Financial LLC increased its stake in Direxion Daily Energy Bear 2X ETF by 79.5% in the fourth quarter. Virtu Financial LLC now owns 51,324 shares of the exchange traded fund’s stock valued at $1,021,000 after purchasing an additional 22,725 shares during the last quarter. Archford Capital Strategies LLC acquired a new position in Direxion Daily Energy Bear 2X ETF in the second quarter valued at $559,000. Finally, Allworth Financial LP lifted its position in Direxion Daily Energy Bear 2X ETF by 188.9% during the second quarter. Allworth Financial LP now owns 107,054 shares of the exchange traded fund’s stock worth $1,398,000 after buying an additional 70,000 shares during the period.

Direxion Daily Energy Bear 2X ETF Trading Up 0.2%

ERY traded up $0.02 during trading on Wednesday, hitting $9.48. 15,207,963 shares of the stock traded hands, compared to its average volume of 3,932,657. Direxion Daily Energy Bear 2X ETF has a 12-month low of $8.37 and a 12-month high of $22.50. The firm has a 50-day moving average of $9.54 and a 200 day moving average of $10.87.

Direxion Daily Energy Bear 2X ETF Company Profile

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