Short Interest in Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) Drops By 15.6%

Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totaling 101,461 shares, a decrease of 15.6% from the November 30th total of 120,220 shares. Based on an average daily trading volume, of 184,155 shares, the days-to-cover ratio is currently 0.6 days. Approximately 2.5% of the shares of the company are sold short. Approximately 2.5% of the shares of the company are sold short. Based on an average daily trading volume, of 184,155 shares, the days-to-cover ratio is currently 0.6 days.

Direxion Daily Energy Bull 2x Shares Stock Performance

ERX opened at $56.53 on Wednesday. The stock has a fifty day moving average of $55.94 and a 200-day moving average of $54.77. The company has a market capitalization of $229.51 million, a P/E ratio of 14.85 and a beta of 1.54. Direxion Daily Energy Bull 2x Shares has a fifty-two week low of $40.60 and a fifty-two week high of $67.11.

Institutional Trading of Direxion Daily Energy Bull 2x Shares

A number of institutional investors have recently bought and sold shares of ERX. Qube Research & Technologies Ltd increased 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 worth $178,000 after purchasing an additional 2,753 shares during the period. Tower Research Capital LLC TRC grew its stake in Direxion Daily Energy Bull 2x Shares by 831.3% during the third quarter. Tower Research Capital LLC TRC now owns 9,434 shares of the company’s stock worth $532,000 after buying an additional 8,421 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Direxion Daily Energy Bull 2x Shares by 7.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 101,016 shares of the company’s stock valued at $5,694,000 after buying an additional 7,033 shares during the period. Two Sigma Securities LLC increased its holdings in Direxion Daily Energy Bull 2x Shares by 26.2% in the 2nd 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 period. Finally, Bank of America Corp DE acquired a new position in shares of Direxion Daily Energy Bull 2x Shares in the 2nd quarter valued at approximately $116,000.

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.