KG&L Capital Management LLC acquired a new stake in shares of Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 14,651 shares of the company’s stock, valued at approximately $816,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ERX. Virtu Financial LLC acquired a new stake in shares of Direxion Daily Energy Bull 2x Shares in the third quarter worth $846,000. Squarepoint Ops LLC acquired a new position in Direxion Daily Energy Bull 2x Shares during the 2nd quarter worth $782,000. Sanctuary Advisors LLC acquired a new stake in shares of Direxion Daily Energy Bull 2x Shares in the second quarter valued at about $651,000. Edge Financial Advisors LLC bought a new position in shares of Direxion Daily Energy Bull 2x Shares in the third quarter worth about $251,000. Finally, Traynor Capital Management Inc. lifted its position in shares of Direxion Daily Energy Bull 2x Shares by 8.8% during the 3rd 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 during the last quarter.
Direxion Daily Energy Bull 2x Shares Stock Down 5.3 %
ERX opened at $57.86 on Friday. Direxion Daily Energy Bull 2x Shares has a 12-month low of $51.90 and a 12-month high of $77.52. The firm has a market capitalization of $315.92 million, a P/E ratio of 9.05 and a beta of 0.96. The stock’s 50 day moving average price is $61.06 and its two-hundred day moving average price is $62.13.
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.
Recommended Stories
- Five stocks we like better than Direxion Daily Energy Bull 2x Shares
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- ServiceNow Stock Slips, But AI Expansion Signals Long-Term Gains
- Insider Trading – What You Need to Know
- Microsoft and Meta’s AI Investment Plans Are Full Steam Ahead
- What is the FTSE 100 index?
- Beyond Self-Driving Cars: Factory Automation Takes Center Stage
Want to see what other hedge funds are holding ERX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX – Free Report).
Receive News & Ratings for Direxion Daily Energy Bull 2x Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily Energy Bull 2x Shares and related companies with MarketBeat.com's FREE daily email newsletter.
