Toth Financial Advisory Corp trimmed its position in shares of Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX – Free Report) by 43.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,638 shares of the company’s stock after selling 1,260 shares during the quarter. Toth Financial Advisory Corp’s holdings in Direxion Daily Energy Bull 2x Shares were worth $84,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of ERX. Freedom Investment Management Inc. lifted its position in shares of Direxion Daily Energy Bull 2x Shares by 32.1% during the first quarter. Freedom Investment Management Inc. now owns 15,654 shares of the company’s stock valued at $1,022,000 after buying an additional 3,804 shares during the last quarter. Simplex Trading LLC purchased a new stake in shares of Direxion Daily Energy Bull 2x Shares during the first quarter valued at about $1,149,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Direxion Daily Energy Bull 2x Shares by 13.2% during the first quarter. Envestnet Asset Management Inc. now owns 71,101 shares of the company’s stock valued at $4,641,000 after buying an additional 8,291 shares during the last quarter.
Direxion Daily Energy Bull 2x Shares Stock Performance
ERX stock opened at $54.92 on Monday. The firm has a market cap of $231.21 million, a price-to-earnings ratio of 14.85 and a beta of 3.14. The firm has a 50-day simple moving average of $53.83 and a two-hundred day simple moving average of $52.95. Direxion Daily Energy Bull 2x Shares has a one year low of $40.60 and a one year high of $72.63.
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.
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