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Squarepoint Ops LLC acquired a new stake in Direxion Daily Energy Bull 2X ETF (NYSEARCA:ERX) during the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,714 shares of the company's stock, valued at approximately $1,579,000. Squarepoint Ops LLC owned
Brent crude nears $100 as escalating U.S.-Iran tensions raise supply risks, putting oil and energy ETFs in focus while pressuring retail, airline and India-focused funds.
Energy stocks have already had a strong 2026, but investors looking at the Direxion Daily Energy Bull 2X Shares (NYSEARCA:ERX) do not necessarily need Exxon Mobil, Chevron, or the broader energy sector to double from here for the ETF to
Don't worry. The “curse” largely boils down to Iran War's impact on renewable energy stocks.
The two largest U.S. integrated supermajors, Exxon Mobil (XOM) and Chevron (CVX), reported second-quarter profits that surged on rising oil prices due to renewed geopolitical tensions in the Middle East. With these two firms accounting for large allocations in many energy ETFs, their earnings serve as a primary catalyst for the entire energy ETF landscape.
Shipping disruptions and supply risks could keep oil prices elevated, with Goldman seeing a path to $120 Brent. Here are some energy ETFs worth watching.
Oil prices spiked after the U.S. announced a Hormuz blockade. Leveraged oil ETFs like ERX, GUSH, DIG and OILU could benefit.
A relative period of calm in the oil market may well be over, following last week's goings on in the Middle East. Most notably, the U.S. renewed military strikes against Iran, with President Trump potentially unnerving the oil market by saying the already fragile peace deal between the two countries is over.