Direxion Daily Energy Bear 2X ETF (NYSEARCA:ERY) Short Interest Update

Direxion Daily Energy Bear 2X ETF (NYSEARCA:ERY) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 375,987 shares, an increase of 59.2% from the August 31st total of 236,222 shares. Based on an average daily trading volume, of 14,198,928 shares, the days-to-cover ratio is currently 0.0 days. Currently, 7.5% of the company’s stock are short sold.

Direxion Daily Energy Bear 2X ETF Price Performance

NYSEARCA ERY traded up $0.04 during mid-day trading on Friday, reaching $9.17. The stock had a trading volume of 7,834,076 shares, compared to its average volume of 4,049,798. Direxion Daily Energy Bear 2X ETF has a 1 year low of $8.37 and a 1 year high of $22.50. The company has a fifty day moving average price of $9.49 and a 200 day moving average price of $10.83.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Group One Trading LLC lifted its holdings in shares of Direxion Daily Energy Bear 2X ETF by 4,117.1% during the first quarter. Group One Trading LLC now owns 14,760 shares of the exchange traded fund’s stock valued at $152,000 after purchasing an additional 14,410 shares in the last quarter. Archford Capital Strategies LLC purchased a new position in Direxion Daily Energy Bear 2X ETF in the 2nd quarter worth about $559,000. Virtu Financial LLC lifted its stake in Direxion Daily Energy Bear 2X ETF by 79.5% during the 4th quarter. Virtu Financial LLC now owns 51,324 shares of the exchange traded fund’s stock valued at $1,021,000 after acquiring an additional 22,725 shares during the period. Finally, Allworth Financial LP lifted its stake in Direxion Daily Energy Bear 2X ETF by 188.9% during the 2nd quarter. Allworth Financial LP now owns 107,054 shares of the exchange traded fund’s stock valued at $1,398,000 after acquiring an additional 70,000 shares during the period.

About Direxion Daily Energy Bear 2X ETF

The Direxion Daily Energy Bear 2X Shares (ERY) is an exchange-traded fund that is based on the Energy Select Sector index. The fund provides 2x inverse exposure to a market-cap-weighted index of US large-cap companies in the energy industry. ERY was launched on Nov 6, 2008 and is managed by Direxion.