Northwestern Mutual Wealth Management Co. Increases Position in Direxion Daily Energy Bull 2x Shares $ERX

Northwestern Mutual Wealth Management Co. raised its position in Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) by 237,263.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,561 shares of the company’s stock after purchasing an additional 111,514 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 2.93% of Direxion Daily Energy Bull 2x Shares worth $6,231,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in Direxion Daily Energy Bull 2x Shares by 17.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,650 shares of the company’s stock valued at $85,000 after purchasing an additional 250 shares during the period. Bank of America Corp DE purchased a new stake in Direxion Daily Energy Bull 2x Shares in the second quarter valued at approximately $116,000. Qube Research & Technologies Ltd raised its position in Direxion Daily Energy Bull 2x Shares by 679.8% in the third quarter. Qube Research & Technologies Ltd now owns 3,158 shares of the company’s stock valued at $178,000 after purchasing an additional 2,753 shares during the period. Two Sigma Securities LLC raised its position in Direxion Daily Energy Bull 2x Shares by 26.2% in the second quarter. Two Sigma Securities LLC now owns 17,589 shares of the company’s stock valued at $904,000 after purchasing an additional 3,656 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in Direxion Daily Energy Bull 2x Shares by 7.5% in the third quarter. Envestnet Asset Management Inc. now owns 101,016 shares of the company’s stock valued at $5,694,000 after purchasing an additional 7,033 shares during the period.

Direxion Daily Energy Bull 2x Shares Stock Up 1.3%

Shares of NYSEARCA ERX opened at $95.54 on Friday. The firm has a market cap of $278.02 million, a price-to-earnings ratio of 14.85 and a beta of 0.86. Direxion Daily Energy Bull 2x Shares has a 52-week low of $46.67 and a 52-week high of $110.78. The business’s 50 day moving average is $93.16 and its two-hundred day moving average is $75.38.

About Direxion Daily Energy Bull 2x Shares

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.