Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) Shares Sold by X Square Capital LLC

X Square Capital LLC decreased its position in Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,380 shares of the company’s stock after selling 525 shares during the quarter. X Square Capital LLC owned 0.10% of Direxion Daily Energy Bull 2x Shares worth $300,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ERX. JPMorgan Chase & Co. boosted its holdings in shares of Direxion Daily Energy Bull 2x Shares by 646.8% during the fourth quarter. JPMorgan Chase & Co. now owns 575 shares of the company’s stock worth $32,000 after purchasing an additional 498 shares during the last quarter. Atria Investments Inc acquired a new position in shares of Direxion Daily Energy Bull 2x Shares in the fourth quarter worth $201,000. SBI Securities Co. Ltd. acquired a new position in Direxion Daily Energy Bull 2x Shares during the 4th quarter valued at $97,000. IMC Chicago LLC acquired a new position in Direxion Daily Energy Bull 2x Shares in the fourth quarter worth $1,139,000. Finally, KG&L Capital Management LLC acquired a new position in shares of Direxion Daily Energy Bull 2x Shares during the 4th quarter worth about $816,000.

Direxion Daily Energy Bull 2x Shares Stock Down 1.8 %

NYSEARCA:ERX opened at $64.48 on Friday. The firm has a market capitalization of $271.46 million, a price-to-earnings ratio of 14.31 and a beta of 2.49. The stock’s 50 day moving average price is $61.06 and its two-hundred day moving average price is $61.46. Direxion Daily Energy Bull 2x Shares has a 12-month low of $51.90 and a 12-month high of $77.52.

Direxion Daily Energy Bull 2x Shares Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be given a dividend of $0.4455 per share. This is an increase from Direxion Daily Energy Bull 2x Shares’s previous dividend of $0.39. The ex-dividend date is Tuesday, March 25th.

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.