Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) Short Interest Update

Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 233,206 shares, an increase of 45.9% from the December 31st total of 159,836 shares. Approximately 6.1% of the company’s stock are sold short. Based on an average daily trading volume, of 459,136 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 459,136 shares, the days-to-cover ratio is currently 0.5 days. Approximately 6.1% of the company’s stock are sold short.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its holdings in shares of Direxion Daily Energy Bull 2x Shares by 17.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,650 shares of the company’s stock worth $85,000 after acquiring an additional 250 shares during the last quarter. Atria Investments Inc boosted its position in 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 worth $300,000 after purchasing an additional 1,368 shares during the period. SBI Securities Co. Ltd. boosted its position in 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 purchasing an additional 1,398 shares during the period. Bank of America Corp DE acquired a new position in shares of Direxion Daily Energy Bull 2x Shares in the second quarter valued at $116,000. Finally, Qube Research & Technologies Ltd raised its position in shares of Direxion Daily Energy Bull 2x Shares by 679.8% in the third quarter. Qube Research & Technologies Ltd now owns 3,158 shares of the company’s stock valued at $178,000 after purchasing an additional 2,753 shares during the period.

Direxion Daily Energy Bull 2x Shares Stock Performance

NYSEARCA ERX opened at $69.28 on Tuesday. Direxion Daily Energy Bull 2x Shares has a 52 week low of $40.60 and a 52 week high of $74.02. The stock’s 50 day moving average price is $59.71 and its two-hundred day moving average price is $56.36. The stock has a market capitalization of $260.49 million, a price-to-earnings ratio of 14.85 and a beta of 1.54.

Direxion Daily Energy Bull 2x Shares Company 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.