Direxion Daily Energy Bull 2X Shares
ERX

$60.50

2.28%

Market Cap: $318M

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

66% more call options, than puts

Call options by funds: $17.2M | Put options by funds: $10.4M

6.65% less ownership

Funds ownership: 12.52% [Q1] → 5.87% (-6.65%) [Q2]

15% less funds holding

Funds holding: 40 [Q1] → 34 (-6) [Q2]

36% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 11

43% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 14

60% less capital invested

Capital invested by funds: $50.6M [Q1] → $20.4M (-$30.2M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for ERX.

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Financial journalist opinion

4 ETFs to Mull as Hedge Funds Load Up on Energy

With rate cuts potentially looming in September, hedge funds are loading up on energy sector stocks,. That could give traders opportunities in leveraged ETFs if they want to mirror their bets.

4 ETFs to Mull as Hedge Funds Load Up on Energy

Q2 Earnings Season Looms Large in Hopes for Broader Stocks Rally

Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.

Q2 Earnings Season Looms Large in Hopes for Broader Stocks Rally

Rate Cut Hopes Spur Oil & Energy ETFs Higher

The expectation of rate cuts is pushing oil prices higher as U.S. consumer prices fell during the month of June. This could give bullish oil and energy traders more momentum to bet on price increases when the Federal Reserve finally loosens monetary policy.

Rate Cut Hopes Spur Oil & Energy ETFs Higher

This Energy ETF Shows AI Isn't the Only Trade to Consider

AI may have the limelight, but it's not the only trade in town worth considering. Despite the ongoing news surrounding the energy transition to cleaner sources, fossil fuels continue to push higher as seen in rising oil and gas prices.

This Energy ETF Shows AI Isn't the Only Trade to Consider

Zacks Investment Research

Pick Leveraged ETFs to Tap Surging Oil Prices

Investors could tap the bullish trend in the oil price with the help of leveraged ETFs to make quick profits, as these could see huge gains in a very short time frame compared to simple products.

Pick Leveraged ETFs to Tap Surging Oil Prices

ERX: Turbocharging The XLE

Crude oil prices have posted double-digit percentage gains in 2024 after falling in 2023. The Energy Select Sector SPDR® Fund ETF, XLE, has experienced a double-digit percentage gain in 2024, indicating a positive outlook for the sector. The Direxion Daily Energy Bull 2X Shares ETF, ERX, offers the opportunity to amplify the upside price action in XLE through leverage, but comes with potential downside-time decay.

ERX: Turbocharging The XLE

ERX: A Compelling Case For Turbocharged Energy-Related Stocks

Energy was the worst-performing sector in the commodities market in 2023, with a decline of 21.85%. The current economic and geopolitical landscape suggests a bullish outlook for fossil fuel prices in 2024. The 2024 driving season and geopolitical tensions could lead to upside price spikes in the oil futures market.

ERX: A Compelling Case For Turbocharged Energy-Related Stocks

ERX: A Floor In Oil Could Send The Leveraged ETF Higher

OPEC's recent meeting ended in a stalemate, with unchanged production quotas and a "voluntary" program for additional output cuts. Oil prices have declined due to Chinese economic weakness, but the U.S. is looking to buy at $67-$72 per barrel to replenish its Strategic Petroleum Reserve. The Energy Select Sector SPDR® Fund ETF and Direxion Daily Energy Bull 2X Shares ETF funds offer opportunities for investors to capitalize on potential increases in oil-related share prices, but timing and risk management are crucial.

ERX: A Floor In Oil Could Send The Leveraged ETF Higher

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