Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX – Get Free Report)’s stock price were up 1.1% on Tuesday . The company traded as high as $80.37 and last traded at $80.03. 186,936 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 475,938 shares. The stock had previously closed at $79.17.
Direxion Daily Energy Bull 2x Shares Stock Up 1.1%
The firm has a market capitalization of $232.89 million, a P/E ratio of 14.85 and a beta of 0.80. The business’s 50-day simple moving average is $88.61 and its 200 day simple moving average is $80.21.
Hedge Funds Weigh In On Direxion Daily Energy Bull 2x Shares
Institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its position in Direxion Daily Energy Bull 2x Shares by 17.9% in 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 period. Bank of America Corp DE purchased a new stake in Direxion Daily Energy Bull 2x Shares during the second quarter valued at about $116,000. Qube Research & Technologies Ltd grew its stake 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 buying an additional 2,753 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of Direxion Daily Energy Bull 2x Shares during the fourth quarter valued at about $215,000. Finally, HRT Financial LP purchased a new position in shares of Direxion Daily Energy Bull 2x Shares in the fourth quarter worth about $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.
Featured Articles
- Five stocks we like better than Direxion Daily Energy Bull 2x Shares
- Oracle’s Sell-Off Looks More Like a Mispricing Than a Warning
- Apple’s Intel Deal Arrives at the Right Time for Its Stock
- Liquid Gold: The AI Cooling Retrofit Trade
- 3 Dividend Stocks Under $30 to Anchor Your Portfolio
Receive News & Ratings for Direxion Daily Energy Bull 2x Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily Energy Bull 2x Shares and related companies with MarketBeat.com's FREE daily email newsletter.
-oil--gas-ltd-logo-1200x675.png){kind=logo}
