28-Mar-2024
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The Energy Bull 2X ETF seeks daily investment results before fees and expenses of 200% of the price performance of the Russell 1000 Energy Index (Energy Index). There is no guarantee the fund will meet its stated investment objective.
Direxion Daily Energy Bull 2X trades on the ARCA stock market under the symbol ERX.
As of March 28, 2024, ERX stock price climbed to $70.80 with 488,865 million shares trading.
ERX has a beta of 1.27, meaning it tends to be more sensitive to market movements. ERX has a correlation of 0.14 to the broad based SPY ETF.
ERX has a market cap of $393.90 million. This is considered a Small Cap stock.
In the last 3 years, ERX stock traded as high as $80.27 and as low as $19.53.
ERX has outperformed the market in the last year with a price return of +34.8% while the SPY ETF gained +33.6%. ERX has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +21.5% and +10.6%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
ERX support price is $68.15 and resistance is $70.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ERX stock will trade within this expected range on the day.