Direxion Energy Bull 2X ETF (ERX)

ERX is an exchange-traded fund (ETF) that seeks daily investment results, before fees and expenses, of 200% of the performance of the Energy Select Sector Index. The Energy Select Sector Index is a modified market capitalization-weighted index that includes companies in the oil, gas and consumable fuels; and energy equipment and services industries.

ERX is managed by Direxion, a company that offers a range of leveraged and inverse ETFs designed to amplify or inverse the daily returns of their underlying index or benchmark. As a leveraged ETF, ERX is designed to provide double the daily returns of the Energy Select Sector Index, meaning it is designed to go up 2% if the index goes up 1% and go down 2% if the index goes down 1%.

Due to its leverage, ERX is considered to be a high-risk, high-reward investment vehicle and may not be suitable for all investors, particularly those with a low tolerance for risk.