Northwestern Mutual Wealth Management Co. Boosts Stock Holdings in Direxion Daily Energy Bull 2x Shares $ERX

Northwestern Mutual Wealth Management Co. lifted its stake in shares of Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) by 237,263.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 111,561 shares of the company’s stock after acquiring an additional 111,514 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Direxion Daily Energy Bull 2x Shares were worth $6,231,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of ERX. EverSource Wealth Advisors LLC increased its position in shares of Direxion Daily Energy Bull 2x Shares by 17.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,650 shares of the company’s stock worth $85,000 after acquiring an additional 250 shares during the period. Bank of America Corp DE purchased a new stake in shares of Direxion Daily Energy Bull 2x Shares during the second quarter worth $116,000. Qube Research & Technologies Ltd increased its position in shares of Direxion Daily Energy Bull 2x Shares by 679.8% during the third quarter. Qube Research & Technologies Ltd now owns 3,158 shares of the company’s stock worth $178,000 after acquiring an additional 2,753 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Direxion Daily Energy Bull 2x Shares by 831.3% during the third quarter. Tower Research Capital LLC TRC now owns 9,434 shares of the company’s stock worth $532,000 after acquiring an additional 8,421 shares during the period. Finally, Two Sigma Securities LLC increased its position 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 acquiring an additional 3,656 shares during the period.

Direxion Daily Energy Bull 2x Shares Trading Up 1.3%

Direxion Daily Energy Bull 2x Shares stock opened at $95.54 on Friday. Direxion Daily Energy Bull 2x Shares has a twelve month low of $46.67 and a twelve month high of $110.78. The stock’s fifty day simple moving average is $93.16 and its 200-day simple moving average is $75.38. The firm has a market capitalization of $278.02 million, a P/E ratio of 14.85 and a beta of 0.86.

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.