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Name of ETF: Direxion Daily Energy Bull 3x Shares

Name of ETF: Direxion Daily Energy Bull 3x Shares

Benchmark Index: S&P Energy Select Sector Index

Ticker Symbol: ERX

Approximate Number of Stocks in this ETF: 45

Types of Stocks Included in this ETF: Large-sized publicly listed companies in the energy sector. Examples of companies that have historically been among the top holdings in the S&P Energy Select Sector Index include:

  • Exxon Mobil
  • Chevron
  • Schlumberger
  • ConocoPhillips
  • Kinder Morgan
  • Halliburton

Industries with the Most Representation: The types of companies that have the most representation (largest weight) in the index historically have been:

  • Oil, Gas & Consumable Fuels
  • Energy Equipment & Services

Leveraged ETF: This ETF attempts to produce leveraged daily returns above the benchmark index results based on a multiplier. In the case of this ETF, the multiplier is 3x (300%). This means the ETF is seeking results equal to 300% of the benchmark index performance.

Related Links:

List of Energy ETFs