IMC Chicago LLC Makes New $1.14 Million Investment in Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX)

IMC Chicago LLC bought a new position in Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,448 shares of the company’s stock, valued at approximately $1,139,000. IMC Chicago LLC owned about 0.37% of Direxion Daily Energy Bull 2x Shares as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ERX. Edge Financial Advisors LLC acquired a new stake in shares of Direxion Daily Energy Bull 2x Shares in the third quarter valued at approximately $251,000. Sanctuary Advisors LLC acquired a new stake in shares of Direxion Daily Energy Bull 2x Shares in the second quarter valued at approximately $651,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily Energy Bull 2x Shares in the third quarter valued at approximately $846,000. KG&L Capital Management LLC acquired a new stake in shares of Direxion Daily Energy Bull 2x Shares in the fourth quarter valued at approximately $816,000. Finally, Traynor Capital Management Inc. increased 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 valued at $2,139,000 after acquiring an additional 2,931 shares during the period.

Direxion Daily Energy Bull 2x Shares Price Performance

NYSEARCA ERX opened at $61.48 on Tuesday. Direxion Daily Energy Bull 2x Shares has a 12 month low of $51.90 and a 12 month high of $77.52. The firm has a market capitalization of $335.68 million, a PE ratio of 9.05 and a beta of 0.96. The company’s 50 day simple moving average is $59.88 and its 200 day simple moving average is $61.81.

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.