ERY Direxion Daily Energy Bear 2X Shares
What is ERY?
ERY provides 2x inverse exposure to a market-cap-weighted index of US large-cap companies in the energy industry.
ERY Factset Analytics Insight
ERY, thru derivative instruments, provides daily 2x inverse exposure to the S&P Energy Select Sector Index, a constituency of energy companies derived from the S&P 500. Remember that this is an extremely concentrated sector, and includes industries such as oil, gas and consumable fuels, and energy equipment and services. The fund is designed to be a short-term trading vehicle and rebalances daily. As a result, compounding and path dependency lead to a lack of predictability in the fund's long-term returns. Prior to March 31, 2020, the fund name was Direxion Daily Energy Bear 3X Shares.
ERY Fund Structure
ERY Tax Exposures
ERY Portfolio Data
ERY Index Data
Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of ERY. ERY is rated a N/A out of 5.