Virtu Financial LLC Takes $846,000 Position in Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX)

Virtu Financial LLC bought a new position in Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 14,268 shares of the company’s stock, valued at approximately $846,000. Virtu Financial LLC owned approximately 0.26% of Direxion Daily Energy Bull 2x Shares as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Edge Financial Advisors LLC purchased a new position in shares of Direxion Daily Energy Bull 2x Shares in the 3rd quarter worth about $251,000. Sanctuary Advisors LLC purchased a new stake in Direxion Daily Energy Bull 2x Shares in the second quarter worth approximately $651,000. Squarepoint Ops LLC bought a new position in Direxion Daily Energy Bull 2x Shares during the second quarter valued at approximately $782,000. DRW Securities LLC raised its stake in shares of Direxion Daily Energy Bull 2x Shares by 247.4% during the second quarter. DRW Securities LLC now owns 16,403 shares of the company’s stock worth $1,068,000 after acquiring an additional 11,681 shares in the last quarter. Finally, Traynor Capital Management Inc. lifted its holdings in shares of Direxion Daily Energy Bull 2x Shares by 31.8% in the 2nd quarter. Traynor Capital Management Inc. now owns 33,133 shares of the company’s stock worth $2,157,000 after acquiring an additional 7,998 shares during the last quarter.

Direxion Daily Energy Bull 2x Shares Stock Performance

ERX stock opened at $60.06 on Friday. The firm has a market cap of $327.93 million, a P/E ratio of 9.05 and a beta of 0.96. The firm’s fifty day moving average is $64.76 and its 200 day moving average is $63.25. Direxion Daily Energy Bull 2x Shares has a 52 week low of $50.00 and a 52 week high of $77.52.

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.