TRUE Private Wealth Advisors Decreases Position in Direxion Daily Energy Bull 2x Shares $ERX

TRUE Private Wealth Advisors reduced its stake in Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) by 11.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,020 shares of the company’s stock after selling 1,723 shares during the period. TRUE Private Wealth Advisors owned approximately 0.31% of Direxion Daily Energy Bull 2x Shares worth $669,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Atria Investments Inc boosted its stake in shares of Direxion Daily Energy Bull 2x Shares by 30.6% in the 2nd quarter. Atria Investments Inc now owns 5,837 shares of the company’s stock valued at $300,000 after buying an additional 1,368 shares during the period. SBI Securities Co. Ltd. raised its position in Direxion Daily Energy Bull 2x Shares by 105.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,719 shares of the company’s stock valued at $140,000 after purchasing an additional 1,398 shares during the last quarter. Freedom Investment Management Inc. grew its position in Direxion Daily Energy Bull 2x Shares by 32.1% during the 1st quarter. Freedom Investment Management Inc. now owns 15,654 shares of the company’s stock worth $1,022,000 after purchasing an additional 3,804 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Direxion Daily Energy Bull 2x Shares by 13.2% during the first quarter. Envestnet Asset Management Inc. now owns 71,101 shares of the company’s stock worth $4,641,000 after buying an additional 8,291 shares during the last quarter. Finally, Allworth Financial LP purchased a new position in Direxion Daily Energy Bull 2x Shares in the second quarter valued at about $740,000.

Direxion Daily Energy Bull 2x Shares Stock Performance

ERX opened at $55.60 on Wednesday. Direxion Daily Energy Bull 2x Shares has a one year low of $40.60 and a one year high of $72.63. The company has a market cap of $225.75 million, a price-to-earnings ratio of 14.85 and a beta of 1.54. The business’s fifty day moving average is $55.29 and its two-hundred day moving average is $53.37.

About Direxion Daily Energy Bull 2x Shares

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.