Headlands Technologies LLC Invests $109,000 in Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX)

Headlands Technologies LLC purchased a new stake in shares of Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 1,932 shares of the company’s stock, valued at approximately $109,000.

A number of other institutional investors also recently bought and sold shares of the stock. Quantbot Technologies LP raised its holdings in Direxion Daily Energy Bull 2x Shares by 165.3% in the third quarter. Quantbot Technologies LP now owns 3,000 shares of the company’s stock worth $201,000 after purchasing an additional 1,869 shares in the last quarter. Pathstone Family Office LLC purchased a new stake in shares of Direxion Daily Energy Bull 2x Shares in the 3rd quarter worth about $368,000. Quadrature Capital Ltd bought a new position in shares of Direxion Daily Energy Bull 2x Shares in the 3rd quarter worth about $238,000. Traynor Capital Management Inc. lifted its position in Direxion Daily Energy Bull 2x Shares by 83.4% during the 4th quarter. Traynor Capital Management Inc. now owns 23,365 shares of the company’s stock valued at $1,322,000 after acquiring an additional 10,627 shares during the period. Finally, Simplex Trading LLC bought a new stake in Direxion Daily Energy Bull 2x Shares during the fourth quarter worth about $5,428,000.

Direxion Daily Energy Bull 2x Shares Stock Performance

Shares of NYSEARCA ERX opened at $73.29 on Tuesday. The company has a 50 day simple moving average of $67.50 and a two-hundred day simple moving average of $60.92. Direxion Daily Energy Bull 2x Shares has a fifty-two week low of $48.39 and a fifty-two week high of $77.52. The company has a market capitalization of $414.82 million, a price-to-earnings ratio of 9.73 and a beta of 1.05.

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.