Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) Stock Price Up 0.1% – Here’s What Happened

Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) shares rose 0.1% on Monday . The stock traded as high as $84.57 and last traded at $82.74. Approximately 368,274 shares changed hands during trading, a decline of 31% from the average daily volume of 534,092 shares. The stock had previously closed at $82.66.

Direxion Daily Energy Bull 2x Shares Stock Up 2.6%

The firm’s fifty day moving average price is $90.15 and its two-hundred day moving average price is $70.02. The stock has a market capitalization of $257.99 million, a PE ratio of 14.85 and a beta of 0.98.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its holdings in shares of Direxion Daily Energy Bull 2x Shares by 17.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,650 shares of the company’s stock valued at $85,000 after purchasing an additional 250 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of Direxion Daily Energy Bull 2x Shares during the second quarter valued at approximately $116,000. Qube Research & Technologies Ltd raised its holdings in shares of Direxion Daily Energy Bull 2x Shares by 679.8% during the third 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 purchased a new position in shares of Direxion Daily Energy Bull 2x Shares during the fourth quarter valued at approximately $215,000. Finally, HRT Financial LP purchased a new position in shares of Direxion Daily Energy Bull 2x Shares during the fourth quarter valued at approximately $351,000.

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.