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.
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