Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) Sets New 1-Year High at $73.28

Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERXGet Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as $73.28 and last traded at $73.19, with a volume of 278298 shares changing hands. The stock had previously closed at $71.80.

Direxion Daily Energy Bull 2x Shares Stock Up 1.3 %

The firm has a market capitalization of $513.54 million, a PE ratio of 14.01 and a beta of 3.14. The stock’s fifty day simple moving average is $61.04 and its 200 day simple moving average is $59.83.

Institutional Trading of Direxion Daily Energy Bull 2x Shares

Hedge funds and other institutional investors have recently modified their holdings of the company. Traynor Capital Management Inc. increased its stake in shares of Direxion Daily Energy Bull 2x Shares by 72.5% in the third quarter. Traynor Capital Management Inc. now owns 12,738 shares of the company’s stock worth $853,000 after purchasing an additional 5,352 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Direxion Daily Energy Bull 2x Shares during the third quarter worth $238,000. Pathstone Family Office LLC bought a new position in shares of Direxion Daily Energy Bull 2x Shares during the third quarter worth $368,000. Two Sigma Securities LLC boosted its position in shares of Direxion Daily Energy Bull 2x Shares by 85.3% during the second quarter. Two Sigma Securities LLC now owns 12,006 shares of the company’s stock worth $657,000 after acquiring an additional 5,527 shares during the last quarter. Finally, Quantbot Technologies LP boosted its position in shares of Direxion Daily Energy Bull 2x Shares by 165.3% during the third quarter. Quantbot Technologies LP now owns 3,000 shares of the company’s stock worth $201,000 after acquiring an additional 1,869 shares during the last quarter.

Direxion Daily Energy Bull 2x Shares Company Profile

(Get Free Report)

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.

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