Strategic Investment Solutions Inc. IL purchased a new stake in Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 700 shares of the company’s stock, valued at approximately $39,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. purchased a new stake in shares of Direxion Daily Energy Bull 2x Shares during the 4th quarter valued at $3,499,000. Headlands Technologies LLC purchased a new stake in Direxion Daily Energy Bull 2x Shares during the fourth quarter valued at about $81,000. JPMorgan Chase & Co. increased its stake in Direxion Daily Energy Bull 2x Shares by 646.8% during the fourth quarter. JPMorgan Chase & Co. now owns 575 shares of the company’s stock worth $32,000 after acquiring an additional 498 shares during the last quarter. Atria Investments Inc purchased a new position in shares of Direxion Daily Energy Bull 2x Shares in the 4th quarter worth about $201,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Direxion Daily Energy Bull 2x Shares in the 4th quarter valued at about $97,000.
Direxion Daily Energy Bull 2x Shares Stock Performance
ERX opened at $47.97 on Friday. Direxion Daily Energy Bull 2x Shares has a 1 year low of $40.60 and a 1 year high of $74.16. The firm has a 50 day moving average price of $57.35 and a 200 day moving average price of $60.59. The company has a market cap of $197.16 million, a PE ratio of 15.64 and a beta of 1.83.
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.
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