Direxion Daily Energy Bear 3X Shares (NYSEARCA:ERY) Stock Pass Above Fifty Day Moving Average of $52.08

Direxion Daily Energy Bear 3X Shares (NYSEARCA:ERY) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $52.08 and traded as high as $46.24. Direxion Daily Energy Bear 3X Shares shares last traded at $45.70, with a volume of 8,517 shares traded.

The company’s 50-day simple moving average is $52.14 and its two-hundred day simple moving average is $45.15.

An institutional investor recently bought a new position in Direxion Daily Energy Bear 3X Shares stock. IMC Chicago LLC purchased a new position in Direxion Daily Energy Bear 3X Shares (NYSEARCA:ERY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 35,032 shares of the exchange traded fund’s stock, valued at approximately $1,470,000. IMC Chicago LLC owned 5.77% of Direxion Daily Energy Bear 3X Shares at the end of the most recent quarter.

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