Avidian Wealth Solutions LLC Purchases New Holdings in Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX)

Avidian Wealth Solutions LLC purchased a new position in shares of Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,019 shares of the company’s stock, valued at approximately $227,000. Avidian Wealth Solutions LLC owned about 0.06% of Direxion Daily Energy Bull 2x Shares as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ERX. Simplex Trading LLC acquired a new position in Direxion Daily Energy Bull 2x Shares during the fourth quarter worth $5,428,000. Traynor Capital Management Inc. increased its stake in shares of Direxion Daily Energy Bull 2x Shares by 83.4% during the 4th quarter. Traynor Capital Management Inc. now owns 23,365 shares of the company’s stock worth $1,322,000 after purchasing an additional 10,627 shares during the last quarter. Pathstone Family Office LLC bought a new stake in shares of Direxion Daily Energy Bull 2x Shares in the 3rd quarter valued at about $368,000. Quadrature Capital Ltd acquired a new stake in Direxion Daily Energy Bull 2x Shares in the 3rd quarter valued at about $238,000. Finally, Quantbot Technologies LP increased its position in Direxion Daily Energy Bull 2x Shares by 165.3% during the third quarter. Quantbot Technologies LP now owns 3,000 shares of the company’s stock worth $201,000 after buying an additional 1,869 shares during the last quarter.

Direxion Daily Energy Bull 2x Shares Trading Up 1.3 %

ERX stock opened at $69.44 on Tuesday. The business’s 50 day simple moving average is $68.42 and its 200 day simple moving average is $60.94. Direxion Daily Energy Bull 2x Shares has a 1-year low of $48.39 and a 1-year high of $77.52. The firm has a market capitalization of $379.14 million, a PE ratio of 9.05 and a beta of 0.96.

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.