KG&L Capital Management LLC Buys New Shares in Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX)

KG&L Capital Management LLC acquired a new stake in shares of Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,651 shares of the company’s stock, valued at approximately $816,000. KG&L Capital Management LLC owned about 0.27% of Direxion Daily Energy Bull 2x Shares at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ERX. Edge Financial Advisors LLC purchased a new stake in shares of Direxion Daily Energy Bull 2x Shares during the 3rd quarter valued at $251,000. Sanctuary Advisors LLC purchased a new position in shares of Direxion Daily Energy Bull 2x Shares in the 2nd quarter valued at $651,000. Squarepoint Ops LLC acquired a new stake in shares of Direxion Daily Energy Bull 2x Shares in the second quarter valued at about $782,000. Virtu Financial LLC purchased a new position in shares of Direxion Daily Energy Bull 2x Shares in the third quarter valued at $846,000. Finally, Traynor Capital Management Inc. increased its position in shares of Direxion Daily Energy Bull 2x Shares by 8.8% during the third quarter. Traynor Capital Management Inc. now owns 36,064 shares of the company’s stock worth $2,139,000 after acquiring an additional 2,931 shares during the last quarter.

Direxion Daily Energy Bull 2x Shares Stock Down 5.3 %

Shares of NYSEARCA ERX opened at $57.86 on Friday. The business has a 50 day moving average price of $61.06 and a two-hundred day moving average price of $62.13. Direxion Daily Energy Bull 2x Shares has a fifty-two week low of $51.90 and a fifty-two week high of $77.52. The firm has a market cap of $315.92 million, a PE ratio of 9.05 and a beta of 0.96.

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.