Renaissance Technologies LLC Has $1.02 Million Stock Position in Direxion Daily Energy Bull 2x Shares $ERX

Renaissance Technologies LLC boosted its stake in Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) by 125.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,900 shares of the company’s stock after acquiring an additional 5,500 shares during the period. Renaissance Technologies LLC’s holdings in Direxion Daily Energy Bull 2x Shares were worth $1,020,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in Direxion Daily Energy Bull 2x Shares by 17.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,650 shares of the company’s stock worth $85,000 after purchasing an additional 250 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Direxion Daily Energy Bull 2x Shares in the 2nd quarter worth approximately $116,000. Qube Research & Technologies Ltd boosted its stake in shares of Direxion Daily Energy Bull 2x Shares by 679.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 3,158 shares of the company’s stock valued at $178,000 after purchasing an additional 2,753 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of Direxion Daily Energy Bull 2x Shares in the 4th quarter valued at $215,000. Finally, IMC Chicago LLC bought a new stake in shares of Direxion Daily Energy Bull 2x Shares in the 1st quarter valued at $513,000.

Direxion Daily Energy Bull 2x Shares Stock Up 2.7%

ERX opened at $101.90 on Friday. Direxion Daily Energy Bull 2x Shares has a twelve month low of $50.50 and a twelve month high of $110.78. The company has a fifty day moving average of $86.58 and a 200-day moving average of $87.70. The stock has a market cap of $250.67 million, a PE ratio of 14.85 and a beta of 0.82.

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.