IMC Chicago LLC Takes $1.14 Million Position in Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX)

IMC Chicago LLC purchased a new stake in shares of Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 20,448 shares of the company’s stock, valued at approximately $1,139,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Edge Financial Advisors LLC purchased a new position in shares of Direxion Daily Energy Bull 2x Shares during the 3rd quarter valued at $251,000. Sanctuary Advisors LLC bought a new stake in Direxion Daily Energy Bull 2x Shares in the second quarter worth $651,000. Virtu Financial LLC bought a new stake in Direxion Daily Energy Bull 2x Shares in the third quarter worth $846,000. KG&L Capital Management LLC bought a new stake in Direxion Daily Energy Bull 2x Shares in the fourth quarter worth $816,000. Finally, Traynor Capital Management Inc. boosted its holdings in Direxion Daily Energy Bull 2x Shares by 8.8% in the third quarter. Traynor Capital Management Inc. now owns 36,064 shares of the company’s stock worth $2,139,000 after purchasing an additional 2,931 shares in the last quarter.

Direxion Daily Energy Bull 2x Shares Trading Up 4.4 %

Shares of NYSEARCA:ERX opened at $61.48 on Tuesday. The stock has a market capitalization of $335.68 million, a PE ratio of 9.05 and a beta of 0.96. Direxion Daily Energy Bull 2x Shares has a 1 year low of $51.90 and a 1 year high of $77.52. The firm has a fifty day moving average price of $59.88 and a 200 day moving average price of $61.81.

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.