Block Trading and Options Highlights for Direxion Daily Energy Bull 3X Shares (ERX)

Posted on 08/09/2011 by Tom Kaplan


NEW YORK (AVAFIN) -- A total of 11 block trades were executed yesterday, typically at least 10,000 shares or more represent a single block unit. Block trades help investors understand the sentiment of large financial institutions. Further analysis into yesterdays's trading activity reveals that 124,555 shares were bought and 77,384 shares were sold. The bought/sold ratio for shares of Direxion Daily Energy Bull 3X Shares is 1.61, representing a positive net cash flow of $2,358,688 into the stock.

View all Block Trading Activities

On the options front, a total of 10,457 contracts were traded. Specifically, 6,217 call and 4,240 put contracts were traded yielding a 0.68 put/call ratio.

Direxion Daily Energy Bull 3X Shares (ERX) opened yesterday at $47.33 and is currently trading at $39.99, down $13.01 (24.55%) during last trading session. To date, the stock has lost -48.08% within the last quarter. The daily low is $39.35 and the high is $49.03. The trading volume of 7,764,880 is above the average volume of 3,692,160 shares. ERX is trading below the 50 day moving average and lower than the 200 day moving average. The technical momentum Relative Strength Index indicator shows oversold conditions. The stock's 52 week low is $24.16 and 52 week high is $93.27.


Market Snapshot (08/08/2011)
  SPX 1119.18 -80.20 -6.69%
  DOW 10798.7 -645.90 -5.64%
  NASDAQ 2357.69 -174.72 -6.90%
  VIX 47.22 15.22 47.56%