ERX Direxion Daily Energy Bull 2x Shares ETF

Seeks daily investment results, before fees and expenses, of 200% of the performance of the Energy Select Sector Index. ERX typically owns some shares of XLE, the Energy Select Sector SPDR Fund ETF, but it primarily achieves its 300% leverage using swaps and other derivatives. Because it can achieve its 300% leverage without using all of its cash, it typically also usually has large amounts of short-term cash on hand. The Index includes all stocks in the S&P 500 Index that are part of the Energy sector using the GCIS sector classification system. The Index is one of 11 sectors of the S&P 500 Index.

Through March 31, 2020, the Fund sought daily leveraged investment results, before fees and expenses, of 300% of the performance of the Energy Select Sector Index.

$50.27  -1.05 (-2.04%)
As of 03/24/2023 10:27:05 EST     IEX book   CBOE book

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ETF Information

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Sponsor:     Direxion Funds
Category1:  US Equity
Category2:  Single sector
Category3:  Energy
Morningstar category:  Trading--Leveraged Equity
Leverage factor:  2.00
Inception date:  11/06/2008
Index tracking method: Passive replication
Current yield:  2.20%
Historical average yield:  10.65%
Market cap:  $370,126,224
Average volume:  1,269,322
Fees:     1.1000%

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Index Information

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Energy Select Sector Index
Index symbol:  IXE
Provider:   S&P Dow Jones
Index weighting:   Market capitalization
Index inception date:  12/16/1998
Backtesting data exists:   No
Number of holdings:  32  (as of 11/30/2017)
Rebalanced:  Quarterly
Reconstituted:  Quarterly