Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) Trading 0.5% Higher – Here’s What Happened

Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) rose 0.5% on Tuesday . The stock traded as high as $87.85 and last traded at $87.09. 283,170 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 454,395 shares. The stock had previously closed at $86.65.

Direxion Daily Energy Bull 2x Shares Stock Up 0.5%

The company has a 50-day moving average of $85.88 and a 200 day moving average of $82.63. The stock has a market capitalization of $227.30 million, a PE ratio of 14.85 and a beta of 0.82.

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

A number of hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its stake in shares of Direxion Daily Energy Bull 2x Shares by 17.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,650 shares of the company’s stock worth $85,000 after buying an additional 250 shares in the last quarter. Bank of America Corp DE purchased a new stake in Direxion Daily Energy Bull 2x Shares during the 2nd quarter valued at about $116,000. Qube Research & Technologies Ltd grew its stake in Direxion Daily Energy Bull 2x Shares by 679.8% during the 3rd quarter. Qube Research & Technologies Ltd now owns 3,158 shares of the company’s stock valued at $178,000 after acquiring an additional 2,753 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Direxion Daily Energy Bull 2x Shares in the 4th quarter valued at about $215,000. Finally, HRT Financial LP acquired a new stake in Direxion Daily Energy Bull 2x Shares in the 4th quarter valued at about $351,000.

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.