DRW Securities LLC Has $834,000 Stake in Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX)

DRW Securities LLC trimmed its position in shares of Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) by 14.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 14,057 shares of the company’s stock after selling 2,346 shares during the period. DRW Securities LLC’s holdings in Direxion Daily Energy Bull 2x Shares were worth $834,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ERX. Sanctuary Advisors LLC acquired a new position in shares of Direxion Daily Energy Bull 2x Shares in the second quarter valued at $651,000. Squarepoint Ops LLC acquired a new position in shares of Direxion Daily Energy Bull 2x Shares in the second quarter valued at $782,000. Jane Street Group LLC increased its holdings in shares of Direxion Daily Energy Bull 2x Shares by 2,036.3% in the first quarter. Jane Street Group LLC now owns 264,241 shares of the company’s stock valued at $18,708,000 after purchasing an additional 251,872 shares during the last quarter. Traynor Capital Management Inc. increased its holdings in shares of Direxion Daily Energy Bull 2x Shares by 8.8% in the third quarter. Traynor Capital Management Inc. now owns 36,064 shares of the company’s stock valued at $2,139,000 after purchasing an additional 2,931 shares during the last quarter. Finally, Edge Financial Advisors LLC acquired a new position in shares of Direxion Daily Energy Bull 2x Shares in the third quarter valued at $251,000.

Direxion Daily Energy Bull 2x Shares Price Performance

NYSEARCA:ERX opened at $68.77 on Tuesday. Direxion Daily Energy Bull 2x Shares has a one year low of $50.00 and a one year high of $77.52. The company has a market cap of $375.48 million, a P/E ratio of 9.05 and a beta of 0.96. The firm’s fifty day moving average price is $63.62 and its two-hundred day moving average price is $63.50.

About Direxion Daily Energy Bull 2x Shares

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.