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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.