Virtu Financial LLC lowered its position in Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX – Free Report) by 55.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,761 shares of the company’s stock after selling 8,400 shares during the quarter. Virtu Financial LLC owned about 0.10% of Direxion Daily Energy Bull 2x Shares worth $394,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in ERX. Simplex Trading LLC increased its stake in Direxion Daily Energy Bull 2x Shares by 127.9% in the fourth quarter. Simplex Trading LLC now owns 26,915 shares of the company’s stock valued at $1,791,000 after acquiring an additional 15,107 shares during the last quarter. Cable Hill Partners LLC bought a new position in Direxion Daily Energy Bull 2x Shares in the fourth quarter valued at $532,000. Toth Financial Advisory Corp increased its stake in Direxion Daily Energy Bull 2x Shares by 5.2% in the fourth quarter. Toth Financial Advisory Corp now owns 12,634 shares of the company’s stock valued at $841,000 after acquiring an additional 626 shares during the last quarter. Renaissance Technologies LLC bought a new position in Direxion Daily Energy Bull 2x Shares in the fourth quarter valued at $386,000. Finally, UBS Group AG increased its stake in Direxion Daily Energy Bull 2x Shares by 222.8% in the third quarter. UBS Group AG now owns 7,609 shares of the company’s stock valued at $351,000 after acquiring an additional 5,252 shares during the last quarter.
Direxion Daily Energy Bull 2x Shares Stock Up 1.6 %
ERX opened at $58.67 on Monday. The stock has a market cap of $402.48 million, a PE ratio of 14.01 and a beta of 3.14. Direxion Daily Energy Bull 2x Shares has a 52 week low of $42.06 and a 52 week high of $78.08. The business’s fifty day simple moving average is $53.58 and its 200 day simple moving average is $58.85.
Direxion Daily Energy Bull 2x Shares 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.
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