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ERX - Energy Bull 2X ETF Direxion

Energy Bull 2X ETF Direxion logoERX 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. Additionally, it is important to note that because ERX seeks to provide 2x the daily returns of the Energy Select Sector Index, it may not be appropriate for long-term investments, as the compounding effect of daily returns can lead to significant deviations from the expected returns over longer holding periods.

 



 

 

 
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