Direxion Daily Energy Bull 2x Shares $ERX Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in shares of Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) by 7.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,016 shares of the company’s stock after purchasing an additional 7,033 shares during the quarter. Envestnet Asset Management Inc. owned approximately 2.49% of Direxion Daily Energy Bull 2x Shares worth $5,694,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Jump Financial LLC acquired a new position in Direxion Daily Energy Bull 2x Shares during the 2nd quarter valued at approximately $1,256,000. Two Sigma Securities LLC lifted its stake in Direxion Daily Energy Bull 2x Shares by 26.2% in the second quarter. Two Sigma Securities LLC now owns 17,589 shares of the company’s stock valued at $904,000 after buying an additional 3,656 shares during the last quarter. Allworth Financial LP acquired a new position in shares of Direxion Daily Energy Bull 2x Shares during the second quarter valued at $740,000. Atria Investments Inc boosted its holdings in shares of Direxion Daily Energy Bull 2x Shares by 30.6% during the second quarter. Atria Investments Inc now owns 5,837 shares of the company’s stock valued at $300,000 after acquiring an additional 1,368 shares during the period. Finally, SBI Securities Co. Ltd. grew its position in shares of Direxion Daily Energy Bull 2x Shares by 105.8% during the second quarter. SBI Securities Co. Ltd. now owns 2,719 shares of the company’s stock worth $140,000 after acquiring an additional 1,398 shares during the last quarter.

Direxion Daily Energy Bull 2x Shares Stock Down 1.1%

ERX stock opened at $82.97 on Friday. The stock has a market cap of $316.12 million, a PE ratio of 14.85 and a beta of 1.54. The firm’s 50-day simple moving average is $66.00 and its 200 day simple moving average is $58.94. Direxion Daily Energy Bull 2x Shares has a fifty-two week low of $40.60 and a fifty-two week high of $85.90.

Direxion Daily Energy Bull 2x Shares Profile

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.