Direxion Daily Energy Bull 2x Shares (ERX) Price, Holdings, & News

ETF Overview

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.

Key Stats

• Today's Range: $52.91 to $55.04
• 50-Day Range: $50.26 to $56.57
• 52-Week Range: $40.60 to $72.63
• Volume: 358,191 shs
• Average Volume: 419,167 shs
• Market Capitalization: $230.62 million
• Assets Under Management: $222.09 million
• Dividend Yield: 2.68%
• Net Expense Ratio: 0.90%
• Aggregate Rating: Moderate Buy

ERX ETF - Frequently Asked Questions

How have ERX shares performed this year?

Direxion Daily Energy Bull 2x Shares' stock was trading at $55.70 at the beginning of the year. Since then, ERX shares have decreased by 1.7% and is now trading at $54.78.

When did Direxion Daily Energy Bull 2x Shares' stock split?

Direxion Daily Energy Bull 2x Shares shares reverse split on the morning of Tuesday, March 24th 2020.The 1-10 reverse split was announced on Tuesday, March 10th 2020. The number of shares owned by shareholders was adjusted after the market closes on Monday, March 23rd 2020. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

Who are Direxion Daily Energy Bull 2x Shares' major shareholders?

Direxion Daily Energy Bull 2x Shares' top institutional investors include Envestnet Asset Management Inc. (2.23%), Jane Street Group LLC, Jump Financial LLC (0.58%) and Freedom Investment Management Inc. (0.48%).

How do I buy shares of Direxion Daily Energy Bull 2x Shares?

Shares of ERX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Direxion Daily Energy Bull 2x Shares own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Direxion Daily Energy Bull 2x Shares investors own include Medtronic (MDT), Meta Platforms (META), NIO (NIO), NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD) and AT&T (T).

Fund Details

• Issuer: Direxion
• Fund Name: Direxion Daily Energy Bull 2x Shares
• Tax Classification: Regulated Investment Company
• Stock Exchange: NYSEARCA
• Current Symbol: NYSEARCA:ERX
• Inception Date: 11/6/2008
• Fund Manager: Paul Brigandi, Tony Ng
• Previous Symbol: NYSE:ERX
• Web: N/A
• Phone: N/A

Fund Focus

• Asset Class: Equity
• Benchmark: Energy Select Sector Index
• Category: Sector
• Focus: Energy
• Development Level: Developed Markets
• Region: North America
• Number of Holdings: 37

Fund Statistics

• Assets Under Management: $222.09 million
• Average Daily Volume: $377.02 thousand
• Discount/Premium: -0.06%
• Leveraged: 2.00

Administrator, Advisor and Custodian

• Administrator: U.S. Bancorp Fund Services, LLC
• Advisor: Rafferty Asset Management, LLC
• Custodian: The Bank of New York Mellon Corporation
• Distributor: Foreside Fund Services, LLC
• Transfer Agent: The Bank of New York Mellon Corporation
• Trustee: N/A
• Lead Market Maker: Virtu Financial

Options

• Optionable: Optionable
• Options Volume: 248
• Put Options: 23
• Call Options: 225
• Short Interest: 164,500 shs

Miscellaneous

• Outstanding Shares: 4,210,000
• Beta: 3.14
• Creation Unit: 50,000
• Creation Fee: $250.00