X Square Capital LLC Sells 525 Shares of Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX)

X Square Capital LLC trimmed its position in shares of Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX) by 8.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,380 shares of the company’s stock after selling 525 shares during the period. X Square Capital LLC’s holdings in Direxion Daily Energy Bull 2x Shares were worth $300,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in 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 in the last quarter. SBI Securities Co. Ltd. acquired a new position in Direxion Daily Energy Bull 2x Shares in the fourth quarter valued at $97,000. Atria Investments Inc acquired a new position in shares of Direxion Daily Energy Bull 2x Shares in the 4th quarter valued at about $201,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily Energy Bull 2x Shares during the third quarter valued at approximately $846,000. Finally, KG&L Capital Management LLC acquired a new position in Direxion Daily Energy Bull 2x Shares during the 4th quarter worth $816,000.

Direxion Daily Energy Bull 2x Shares Stock Performance

Shares of ERX opened at $64.48 on Friday. Direxion Daily Energy Bull 2x Shares has a one year low of $51.90 and a one year high of $77.52. 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 fifty day moving average is $61.06 and its 200-day moving average is $61.46.

Direxion Daily Energy Bull 2x Shares Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be given a $0.4455 dividend. 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.

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.