ERY

Direxion Daily Energy Bear 2X Shares

$19.17

+0.00%

Market closed. Last update: 10:57 PM ET

📎 Investment Objective

The Direxion Daily Energy Bear 2X Shares ETF (ERY) seeks to provide daily investment results that correspond to twice the inverse (or opposite) of the daily performance of the Energy Select Sector Index.

Overview

ETF tracking Direxion Daily Energy Bear 2X Shares

Category Leveraged

Issuer Other

Inception Date 2008-11-05

Market Cap $21.4M

Average Volume N/A

Dividend Yield 3.68%

52-Week Range $19.12 - $29.52

VWAP $19.44

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to achieve its daily inverse 2x leverage objective. It does not seek to achieve its stated investment objective over a period of time greater than one day.

✨ Key Features

Provides 2x daily inverse exposure to the Energy Select Sector Index
Designed for short-term, tactical trading rather than long-term buy-and-hold
Employs leveraged and derivative strategies to amplify daily returns
Resets exposure daily, which can lead to compounding effects over longer periods

⚠️ Primary Risks

Significant daily volatility and risk of losses, especially over periods longer than one day
Potential for large and unexpected losses due to the leveraged nature of the fund
Tracking error risk as the fund may not perfectly match the inverse 2x daily performance of the underlying index
Risks associated with the use of derivatives and other complex financial instruments

👤 Best For

This ETF is best suited for experienced, risk-tolerant traders who understand the unique risks of leveraged and inverse funds and who seek to make short-term, tactical bets on the energy sector. It is not recommended for long-term buy-and-hold investors.