Name of ETF: Direxion Daily Energy Bear 3x Shares
Benchmark Index: S&P Energy Select Sector Index
Ticker Symbol: ERY
- This is a leveraged ETF that provides bearish, leveraged exposure to a large number of U.S. stocks within the energy sector. These companies are in oil production, oil services, coal and other aspects of the energy business..
- This ETF rises when the S&P Energy Select Sector Index is falling and falls with the index rises.
- Leveraged ETFs should only be used by experienced investors who understand leverage risk and are willing to monitor their positions.
- The ETF attempts to generate 300% (3x) of the inverse (opposite) return of the S&P Energy Select Sector Index.