Direxion Daily Energy Bull 2X ETF (ERX)
ERX Price Chart
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ERX ETF Profile
Key details and information about Direxion Daily Energy Bull 2X ETF (ERX).
Sector Focus
Financial Services
Industry
Asset Management - Leveraged
Inception Date
19 Nov 2008
Country
US
Description
The Direxion Daily Energy Bull and Bear 2X ETFs are structured to provide daily investment returns that correspond to twice (200%) the performance of the Energy Select Sector Index, before accounting for fees and other expenses. Specifically, the "Bull" version aims for double the index's positive daily movement, while the "Bear" counterpart targets two times the index's inverse (opposite) daily performance. It's crucial to understand, however, that there is no guarantee these funds will consistently achieve their stated investment objectives.
ERX ETF Performance
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