Toth Financial Advisory Corp Has $847,000 Stake in Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX)

Toth Financial Advisory Corp trimmed its position in shares of Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) by 28.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,968 shares of the company’s stock after selling 4,872 shares during the period. Toth Financial Advisory Corp owned approximately 0.21% of Direxion Daily Energy Bull 2x Shares worth $847,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ERX. Headlands Technologies LLC acquired a new stake in Direxion Daily Energy Bull 2x Shares during the fourth quarter worth about $109,000. Avidian Wealth Solutions LLC acquired a new stake in shares of Direxion Daily Energy Bull 2x Shares in the 4th quarter valued at approximately $227,000. Quadrature Capital Ltd acquired a new stake in shares of Direxion Daily Energy Bull 2x Shares in the 3rd quarter valued at approximately $238,000. Traynor Capital Management Inc. boosted its stake in shares of Direxion Daily Energy Bull 2x Shares by 83.4% in the 4th quarter. Traynor Capital Management Inc. now owns 23,365 shares of the company’s stock valued at $1,322,000 after purchasing an additional 10,627 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Direxion Daily Energy Bull 2x Shares in the 4th quarter valued at approximately $1,336,000.

Direxion Daily Energy Bull 2x Shares Trading Up 0.9 %

ERX opened at $65.09 on Friday. The company’s 50 day moving average is $66.53 and its 200-day moving average is $63.00. Direxion Daily Energy Bull 2x Shares has a 1-year low of $50.00 and a 1-year high of $77.52. The company has a market cap of $355.39 million, a P/E ratio of 9.05 and a beta of 0.96.

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.