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

Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) was the target 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 volume of 459,136 shares, the short-interest ratio is presently 0.5 days. Currently, 6.1% of the shares of the stock are short sold. Currently, 6.1% of the shares of the stock are short sold. Based on an average daily volume of 459,136 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Qube Research & Technologies Ltd raised its stake in 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 valued at $178,000 after buying an additional 2,753 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Direxion Daily Energy Bull 2x Shares by 831.3% in the third quarter. Tower Research Capital LLC TRC now owns 9,434 shares of the company’s stock valued at $532,000 after buying an additional 8,421 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Direxion Daily Energy Bull 2x Shares by 7.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 101,016 shares of the company’s stock valued at $5,694,000 after acquiring an additional 7,033 shares during the last quarter. Two Sigma Securities LLC lifted its holdings in shares of Direxion Daily Energy Bull 2x Shares by 26.2% during the second quarter. Two Sigma Securities LLC now owns 17,589 shares of the company’s stock worth $904,000 after purchasing an additional 3,656 shares during the period. Finally, Bank of America Corp DE purchased a new stake in shares of Direxion Daily Energy Bull 2x Shares in the second quarter valued at about $116,000.

Direxion Daily Energy Bull 2x Shares Trading Down 3.9%

Direxion Daily Energy Bull 2x Shares stock traded down $2.82 during mid-day trading on Monday, hitting $69.28. The company’s stock had a trading volume of 538,566 shares, compared to its average volume of 410,636. The firm has a market capitalization of $260.49 million, a PE ratio of 14.85 and a beta of 1.54. The stock’s fifty day moving average is $59.71 and its two-hundred day moving average is $56.36. Direxion Daily Energy Bull 2x Shares has a 1 year low of $40.60 and a 1 year high of $74.02.

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.