Direxion Daily Energy Bear 3X Shares (NYSEARCA:ERY) Stock Cross Above 50 Day Moving Average of $52.08

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Direxion Daily Energy Bear 3X Shares (NYSEARCA:ERY) shares crossed 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 trading hands.

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

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

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