Direxion Daily Energy Top 5 Bull 2X ETF (TEXU)

The Direxion Daily Energy Top 5 Bull 2X ETF (TEXU) is a leveraged exchange-traded fund from Direxion that seeks daily investment results equal to 200% of the daily performance of an index made up of five leading U.S.-listed energy companies.

The underlying index is concentrated in large energy producers and related businesses, such as integrated oil companies and exploration and production firms. The fund obtains its leverage mainly through swap agreements and other derivatives on the index.

The 2x objective applies to one trading day. Compounding over longer periods can cause results to deviate materially from twice the index return, and the fund's narrow concentration adds to its volatility, so it is designed for short-term trading.