NYSEARCA:ERY
Direxion Daily Energy Bear 2X Shares ETF Company Profile
$22.72
+0.0600 (+0.265%)
At Close: May 03, 2024
Information
866-476-7523
Description
The investment seeks daily investment results, before fees and expenses, of 200% of the inverse of the daily performance of the Energy Select Sector Index. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). The index is provided by S&P Dow Jones Indices and includes domestic companies from the energy sector which includes the following industries: oil, gas and consumable fuels; and energy equipment and services. It is non-diversified.