Short Interest in Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) Increases By 57.5%

Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 159,836 shares, a growth of 57.5% from the December 15th total of 101,461 shares. Currently, 4.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 211,041 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 211,041 shares, the short-interest ratio is presently 0.8 days. Currently, 4.3% of the shares of the stock are short sold.

Direxion Daily Energy Bull 2x Shares Trading Up 0.3%

ERX opened at $63.15 on Friday. Direxion Daily Energy Bull 2x Shares has a twelve month low of $40.60 and a twelve month high of $67.11. The firm has a market capitalization of $234.29 million, a PE ratio of 14.85 and a beta of 1.54. The firm’s 50-day moving average price is $57.38 and its 200 day moving average price is $55.35.

Institutional Investors Weigh In On Direxion Daily Energy Bull 2x Shares

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Atria Investments Inc grew its holdings in Direxion Daily Energy Bull 2x Shares by 30.6% in the 2nd quarter. Atria Investments Inc now owns 5,837 shares of the company’s stock valued at $300,000 after buying an additional 1,368 shares in the last quarter. Allworth Financial LP acquired a new position in shares of Direxion Daily Energy Bull 2x Shares during the 2nd quarter valued at about $740,000. SBI Securities Co. Ltd. grew its holdings in shares of Direxion Daily Energy Bull 2x Shares by 105.8% in the second quarter. SBI Securities Co. Ltd. now owns 2,719 shares of the company’s stock valued at $140,000 after purchasing an additional 1,398 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Direxion Daily Energy Bull 2x Shares by 32.2% in the second quarter. Envestnet Asset Management Inc. now owns 93,983 shares of the company’s stock valued at $4,828,000 after purchasing an additional 22,882 shares during the period. Finally, Freedom Investment Management Inc. increased its position in Direxion Daily Energy Bull 2x Shares by 27.9% during the second quarter. Freedom Investment Management Inc. now owns 20,025 shares of the company’s stock worth $1,029,000 after purchasing an additional 4,371 shares during the last quarter.

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.