Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) Shares Sold by Toth Financial Advisory Corp

Toth Financial Advisory Corp reduced its holdings in shares of Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) by 43.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,725 shares of the company’s stock after selling 3,701 shares during the quarter. Toth Financial Advisory Corp’s holdings in Direxion Daily Energy Bull 2x Shares were worth $263,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Edge Financial Advisors LLC purchased a new stake in shares of Direxion Daily Energy Bull 2x Shares during the third quarter worth about $251,000. Sanctuary Advisors LLC purchased a new stake in Direxion Daily Energy Bull 2x Shares during the 2nd quarter worth approximately $651,000. Squarepoint Ops LLC acquired a new position in Direxion Daily Energy Bull 2x Shares during the 2nd quarter valued at approximately $782,000. Virtu Financial LLC purchased a new position in shares of Direxion Daily Energy Bull 2x Shares in the third quarter worth $846,000. Finally, Traynor Capital Management Inc. lifted its stake in shares of Direxion Daily Energy Bull 2x Shares by 8.8% during the third quarter. Traynor Capital Management Inc. now owns 36,064 shares of the company’s stock worth $2,139,000 after buying an additional 2,931 shares during the period.

Direxion Daily Energy Bull 2x Shares Price Performance

NYSEARCA ERX opened at $62.87 on Friday. The company has a market cap of $343.27 million, a price-to-earnings ratio of 9.05 and a beta of 0.96. The stock’s fifty day moving average price is $61.80 and its 200 day moving average price is $62.19. Direxion Daily Energy Bull 2x Shares has a 1 year low of $51.90 and a 1 year high of $77.52.

Direxion Daily Energy Bull 2x Shares Company 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.