ERX

Direxion Daily Energy Bull 2X Shares

$59.07

+0.00%

Market closed. Last update: 11:59 AM ET

📎 Investment Objective

The Direxion Daily Energy Bull 2X Shares ETF (ERX) seeks to provide daily investment results, before fees and expenses, of 200% of the performance of the Energy Select Sector Index.

Overview

ETF tracking Direxion Daily Energy Bull 2X Shares

Category Leveraged

Issuer Other

Inception Date 2008-11-06

Market Cap $237.1M

Average Volume N/A

Dividend Yield 2.48%

52-Week Range $42.83 - $71.63

VWAP $58.30

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily Energy Bull 2X Shares ETF (ERX) seeks to provide daily investment results, before fees and expenses, of 200% of the performance of the Energy Select Sector Index.

🎯 Investment Strategy

The fund achieves its objective by investing in financial instruments, such as swap agreements and futures contracts, that provide leveraged exposure to the Energy Select Sector Index. This index tracks the performance of energy companies in the S&P 500 Index.

✨ Key Features

Provides 2x the daily return of the Energy Select Sector Index
Utilizes leverage to amplify the performance of the underlying index
Resets daily, so longer-term returns may differ from the target multiple
Relatively high expense ratio compared to non-leveraged energy ETFs

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for increased volatility and deviation from the target multiple over time
Exposure to the performance of the energy sector, which can be volatile
Risks associated with the use of derivatives and other financial instruments

👤 Best For

This ETF is designed for experienced, risk-tolerant investors who seek to amplify their exposure to the energy sector on a short-term basis and understand the risks associated with leveraged funds. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.