Short Interest in Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) Rises By 45.9%

Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 233,206 shares, a growth of 45.9% from the December 31st total of 159,836 shares. Based on an average daily trading volume, of 459,136 shares, the short-interest ratio is presently 0.5 days. Currently, 6.1% of the shares of the company are sold short. Currently, 6.1% of the shares of the company are sold short. Based on an average daily trading volume, of 459,136 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ERX. EverSource Wealth Advisors LLC increased its position in shares of Direxion Daily Energy Bull 2x Shares by 17.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,650 shares of the company’s stock valued at $85,000 after acquiring an additional 250 shares during the last quarter. Atria Investments Inc grew its stake in shares of Direxion Daily Energy Bull 2x Shares by 30.6% in the second quarter. Atria Investments Inc now owns 5,837 shares of the company’s stock worth $300,000 after acquiring an additional 1,368 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in Direxion Daily Energy Bull 2x Shares by 105.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,719 shares of the company’s stock worth $140,000 after purchasing an additional 1,398 shares during the period. Bank of America Corp DE purchased a new stake in shares of Direxion Daily Energy Bull 2x Shares during the second quarter worth approximately $116,000. Finally, Qube Research & Technologies Ltd raised its holdings in shares of Direxion Daily Energy Bull 2x Shares by 679.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 3,158 shares of the company’s stock valued at $178,000 after purchasing an additional 2,753 shares in the last quarter.

Direxion Daily Energy Bull 2x Shares Price Performance

NYSEARCA ERX opened at $72.10 on Friday. Direxion Daily Energy Bull 2x Shares has a 1-year low of $40.60 and a 1-year high of $74.02. The company has a market cap of $271.10 million, a PE ratio of 14.85 and a beta of 1.54. The stock’s 50 day simple moving average is $59.44 and its 200-day simple moving average is $56.22.

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.