Toth Financial Advisory Corp Sells 4,872 Shares of Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX)

Toth Financial Advisory Corp lessened its holdings in shares of Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) by 28.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 11,968 shares of the company’s stock after selling 4,872 shares during the period. Toth Financial Advisory Corp’s holdings in Direxion Daily Energy Bull 2x Shares were worth $847,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in Direxion Daily Energy Bull 2x Shares in the 4th quarter worth about $109,000. Quadrature Capital Ltd bought a new position in Direxion Daily Energy Bull 2x Shares in the 3rd quarter worth about $238,000. Avidian Wealth Solutions LLC bought a new position in Direxion Daily Energy Bull 2x Shares in the 4th quarter worth about $227,000. Traynor Capital Management Inc. boosted its stake in 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 worth $1,322,000 after purchasing an additional 10,627 shares in the last quarter. Finally, Jump Financial LLC bought a new position in Direxion Daily Energy Bull 2x Shares in the 4th quarter worth about $1,336,000.

Direxion Daily Energy Bull 2x Shares Price Performance

Shares of Direxion Daily Energy Bull 2x Shares stock opened at $65.09 on Friday. The stock has a market cap of $355.39 million, a price-to-earnings ratio of 9.05 and a beta of 0.96. The firm’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.

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.