Direxion Daily Energy Bear 2X ETF (NYSEARCA:ERY) Shares Shorted: Short Interest Down 38.4% in September

Direxion Daily Energy Bear 2X ETF (NYSEARCA:ERY) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 231,664 shares, a decrease of 38.4% from the September 15th total of 375,987 shares. Approximately 4.4% of the company’s stock are sold short. Based on an average daily volume of 19,569,672 shares, the days-to-cover ratio is presently 0.0 days.

Direxion Daily Energy Bear 2X ETF Trading Down 4.4%

Shares of NYSEARCA ERY traded down $0.36 during mid-day trading on Friday, reaching $7.72. The company had a trading volume of 15,294,693 shares, compared to its average volume of 4,807,424. Direxion Daily Energy Bear 2X ETF has a 52-week low of $7.70 and a 52-week high of $22.24. The firm has a 50 day simple moving average of $9.04 and a two-hundred day simple moving average of $10.66.

Institutional Investors Weigh In On Direxion Daily Energy Bear 2X ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Group One Trading LLC grew its holdings in shares of Direxion Daily Energy Bear 2X ETF by 4,117.1% during the first quarter. Group One Trading LLC now owns 14,760 shares of the exchange traded fund’s stock worth $152,000 after buying an additional 14,410 shares during the last quarter. Archford Capital Strategies LLC acquired a new position in shares of Direxion Daily Energy Bear 2X ETF in the second quarter valued at approximately $559,000. Virtu Financial LLC raised its stake in shares of Direxion Daily Energy Bear 2X ETF by 79.5% during the fourth quarter. Virtu Financial LLC now owns 51,324 shares of the exchange traded fund’s stock worth $1,021,000 after purchasing an additional 22,725 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Direxion Daily Energy Bear 2X ETF by 188.9% during the second quarter. Allworth Financial LP now owns 107,054 shares of the exchange traded fund’s stock worth $1,398,000 after purchasing an additional 70,000 shares during the period.

Direxion Daily Energy Bear 2X ETF Company Profile

The Direxion Daily Energy Bear 2X Shares (ERY) is an exchange-traded fund that is based on the Energy Select Sector index. The fund provides 2x inverse exposure to a market-cap-weighted index of US large-cap companies in the energy industry. ERY was launched on Nov 6, 2008 and is managed by Direxion.