Short Interest in Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) Grows By 38.6%

Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 307,803 shares, an increase of 38.6% from the February 26th total of 222,156 shares. Approximately 8.1% of the shares of the company are short sold. Based on an average trading volume of 1,068,859 shares, the short-interest ratio is currently 0.3 days.

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

Institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its holdings in Direxion Daily Energy Bull 2x Shares by 237,263.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 111,561 shares of the company’s stock valued at $6,231,000 after buying an additional 111,514 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Direxion Daily Energy Bull 2x Shares by 7.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 101,016 shares of the company’s stock worth $5,694,000 after acquiring an additional 7,033 shares during the period. Jump Financial LLC bought a new position in shares of Direxion Daily Energy Bull 2x Shares during the 2nd quarter worth about $1,256,000. Two Sigma Securities LLC boosted its position in shares of Direxion Daily Energy Bull 2x Shares by 26.2% during the 2nd quarter. Two Sigma Securities LLC now owns 17,589 shares of the company’s stock valued at $904,000 after acquiring an additional 3,656 shares in the last quarter. Finally, Simplex Trading LLC lifted its stake in Direxion Daily Energy Bull 2x Shares by 403.2% during the fourth quarter. Simplex Trading LLC now owns 16,947 shares of the company’s stock worth $946,000 after purchasing an additional 13,579 shares during the period.

Direxion Daily Energy Bull 2x Shares Stock Performance

Shares of NYSEARCA:ERX traded down $2.05 during trading on Monday, hitting $105.77. 609,287 shares of the stock were exchanged, compared to its average volume of 549,787. The company has a market capitalization of $402.98 million, a price-to-earnings ratio of 14.85 and a beta of 1.54. Direxion Daily Energy Bull 2x Shares has a 1-year low of $40.60 and a 1-year high of $110.78. The company’s fifty day simple moving average is $82.94 and its 200-day simple moving average is $65.64.

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.