Direxion Energy Bull 2X SharesDirexion Energy Bull 2X SharesDirexion Energy Bull 2X Shares

Direxion Energy Bull 2X Shares

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Key stats


Assets under management (AUM)
‪198.83 M‬USD
Fund flows (1Y)
‪−69.29 M‬USD
Dividend yield (indicated)
3.21%
Discount/Premium to NAV
0.03%
Shares outstanding
‪4.16 M‬
Expense ratio
0.90%

About Direxion Energy Bull 2X Shares


Issuer
Rafferty Asset Management LLC
Brand
Direxion
Inception date
Nov 6, 2008
Structure
Open-Ended Fund
Index tracked
S&P Energy Select Sector
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
ERX provides 2x leveraged exposure to the S&P Energy Select Sector Index—a market-cap-weighted index of US energy companies from the S&P 500, heavily-weighted towards the handful of firms that dominate the energy sector. Providing hyper-concentrated exposure to a concentrated sector, ERX isn’t designed to be a long-term investment—instead, it should be used as a short-term trading vehicle. The fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index and beta-1 funds, such as XLE, that track that index. Note: Prior to March 31, 2020, the fund provided 3x daily exposure to the same index.

Classification


Asset Class
Equity
Category
Sector
Focus
Energy
Niche
Broad-based
Strategy
Vanilla
Geography
U.S.
Weighting scheme
Market cap
Selection criteria
Committee
What's in the fund
Exposure type
StocksBonds, Cash & Other
Energy Minerals
Industrial Services
Cash
Stock breakdown by region
100%
Top 10 holdings

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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to ERX via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
ERX trades at 47.61 USD today, its price has risen 1.81% in the past 24 hours. Track more dynamics on ERX price chart.
ERX net asset value is 48.85 today — it's fallen 0.08% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
ERX assets under management is ‪198.83 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
ERX price has risen by 1.03% over the last month, and its yearly performance shows a −27.78% decrease. See more dynamics on ERX price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.08% over the last month, showed a −17.18% decrease in three-month performance and has decreased by −23.35% in a year.
ERX fund flows account for ‪−69.29 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
ERX invests in stocks. See more details in our Analysis section.
ERX expense ratio is 0.90%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, ERX is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, ERX technical analysis shows the sell rating and its 1-week rating is strong sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating ERX shows the strong sell signal. See more of ERX technicals for a more comprehensive analysis.
Yes, ERX pays dividends to its holders with the dividend yield of 3.21%.
ERX trades at a premium (0.03%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
ERX shares are issued by Rafferty Asset Management LLC
ERX follows the S&P Energy Select Sector. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 6, 2008.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.