Direxion Daily Energy Bear 2X Shares (NYSEARCA:ERY) Short Interest Update

Direxion Daily Energy Bear 2X Shares (NYSEARCA:ERY) saw a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 60,800 shares, a decrease of 36.1% from the May 15th total of 95,100 shares. Approximately 8.5% of the company’s stock are short sold. Based on an average daily volume of 311,900 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Direxion Daily Energy Bear 2X Shares

A number of institutional investors have recently modified their holdings of ERY. SBI Securities Co. Ltd. acquired a new position in shares of Direxion Daily Energy Bear 2X Shares during the fourth quarter worth approximately $27,000. Virtu Financial LLC raised its position in Direxion Daily Energy Bear 2X Shares by 92.5% in the 4th quarter. Virtu Financial LLC now owns 84,339 shares of the exchange traded fund’s stock valued at $2,128,000 after buying an additional 40,523 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Direxion Daily Energy Bear 2X Shares by 126.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 35,783 shares of the exchange traded fund’s stock valued at $903,000 after buying an additional 20,010 shares during the last quarter. Bank of America Corp DE purchased a new stake in Direxion Daily Energy Bear 2X Shares in the 4th quarter valued at $45,000. Finally, GTS Securities LLC raised its position in Direxion Daily Energy Bear 2X Shares by 31.0% in the 4th quarter. GTS Securities LLC now owns 95,172 shares of the exchange traded fund’s stock valued at $2,402,000 after buying an additional 22,536 shares during the last quarter.

Direxion Daily Energy Bear 2X Shares Stock Down 3.5%

Shares of NYSEARCA:ERY opened at $21.54 on Monday. Direxion Daily Energy Bear 2X Shares has a twelve month low of $19.64 and a twelve month high of $31.02. The stock’s 50 day moving average is $24.80 and its 200-day moving average is $23.82.

Direxion Daily Energy Bear 2X Shares Company Profile

The Direxion Daily Energy Bear 2X Shares (ERY) is an exchange-traded fund that is based on the Energy Select Sector index. The fund provides 2x inverse exposure to a market-cap-weighted index of US large-cap companies in the energy industry. ERY was launched on Nov 6, 2008 and is managed by Direxion.