Sanctuary Advisors LLC Takes $651,000 Position in Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX)

Sanctuary Advisors LLC purchased a new position in Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,000 shares of the company’s stock, valued at approximately $651,000. Sanctuary Advisors LLC owned 0.16% of Direxion Daily Energy Bull 2x Shares as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Traynor Capital Management Inc. grew its holdings in shares of Direxion Daily Energy Bull 2x Shares by 7.6% during the first quarter. Traynor Capital Management Inc. now owns 25,135 shares of the company’s stock valued at $1,780,000 after buying an additional 1,770 shares during the last quarter. Edge Financial Advisors LLC purchased a new stake in Direxion Daily Energy Bull 2x Shares in the 1st quarter worth $298,000. Quadrature Capital Ltd bought a new position in Direxion Daily Energy Bull 2x Shares during the first quarter valued at approximately $1,214,000. Jane Street Group LLC boosted its position in shares of Direxion Daily Energy Bull 2x Shares by 2,036.3% during the 1st quarter. Jane Street Group LLC now owns 264,241 shares of the company’s stock valued at $18,708,000 after acquiring an additional 251,872 shares during the last quarter. Finally, TRUE Private Wealth Advisors grew its stake in shares of Direxion Daily Energy Bull 2x Shares by 2.1% in the 2nd quarter. TRUE Private Wealth Advisors now owns 14,860 shares of the company’s stock worth $967,000 after buying an additional 299 shares in the last quarter.

Direxion Daily Energy Bull 2x Shares Stock Performance

Shares of Direxion Daily Energy Bull 2x Shares stock opened at $65.78 on Tuesday. Direxion Daily Energy Bull 2x Shares has a one year low of $50.00 and a one year high of $77.52. The stock has a market cap of $359.16 million, a price-to-earnings ratio of 9.05 and a beta of 0.96. The stock has a 50 day moving average price of $61.14 and a 200-day moving average price of $65.02.

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.