TRUE Private Wealth Advisors Has $860,000 Position in Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX)

TRUE Private Wealth Advisors cut its stake in Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) by 2.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,502 shares of the company’s stock after selling 358 shares during the quarter. TRUE Private Wealth Advisors owned approximately 0.27% of Direxion Daily Energy Bull 2x Shares worth $860,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Edge Financial Advisors LLC bought a new position in shares of Direxion Daily Energy Bull 2x Shares during the 3rd quarter valued at $251,000. Sanctuary Advisors LLC bought a new position in Direxion Daily Energy Bull 2x Shares during the second quarter valued at about $651,000. Squarepoint Ops LLC acquired a new stake in shares of Direxion Daily Energy Bull 2x Shares in the second quarter worth about $782,000. DRW Securities LLC boosted its stake in shares of Direxion Daily Energy Bull 2x Shares by 247.4% during the 2nd 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. increased its holdings in shares of Direxion Daily Energy Bull 2x Shares by 31.8% during the 2nd quarter. Traynor Capital Management Inc. now owns 33,133 shares of the company’s stock valued at $2,157,000 after acquiring an additional 7,998 shares during the last quarter.

Direxion Daily Energy Bull 2x Shares Stock Performance

Shares of ERX stock opened at $68.99 on Friday. The stock’s 50 day simple moving average is $64.34 and its 200 day simple moving average is $63.56. Direxion Daily Energy Bull 2x Shares has a twelve month low of $50.00 and a twelve month high of $77.52. The company has a market capitalization of $376.69 million, a price-to-earnings ratio of 9.05 and a beta of 0.96.

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.