Tower Research Capital LLC TRC Sells 7,689 Shares of Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX)

Tower Research Capital LLC TRC lessened its position in Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) by 48.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,140 shares of the company’s stock after selling 7,689 shares during the quarter. Tower Research Capital LLC TRC owned 0.15% of Direxion Daily Energy Bull 2x Shares worth $453,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Freedom Investment Management Inc. purchased a new position in shares of Direxion Daily Energy Bull 2x Shares during the 4th quarter valued at about $660,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Direxion Daily Energy Bull 2x Shares during the fourth quarter worth approximately $39,000. Envestnet Asset Management Inc. bought a new stake in shares of Direxion Daily Energy Bull 2x Shares in the 4th quarter worth approximately $3,499,000. Headlands Technologies LLC bought a new stake in shares of Direxion Daily Energy Bull 2x Shares in the 4th quarter worth approximately $81,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Direxion Daily Energy Bull 2x Shares by 646.8% in the 4th quarter. JPMorgan Chase & Co. now owns 575 shares of the company’s stock valued at $32,000 after purchasing an additional 498 shares in the last quarter.

Direxion Daily Energy Bull 2x Shares Stock Down 0.7 %

Shares of NYSEARCA:ERX opened at $49.12 on Wednesday. The stock has a market cap of $201.88 million, a PE ratio of 11.51 and a beta of 1.83. The company’s fifty day moving average is $55.17 and its 200 day moving average is $59.63. Direxion Daily Energy Bull 2x Shares has a 52 week low of $40.60 and a 52 week high of $72.91.

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.