Direxion Daily Energy Bear 3X Shares (ERY): Price and Financial Metrics ETF

Direxion Daily Energy Bear 3X Shares (ERY) ETF Bio

The investment objective of the Direxion Daily Energy Bear 3x Shares ETF seeks daily investment results of 300% of the inverse (or opposite) of the performance of the Energy Select Sector Index. The fund, under normal circumstances, creates short positions by investing at least 80% of its assets in: futures contracts; options on securities, indices and futures contracts; equity caps, floors and collars; swap agreements; forward contracts; short positions; reverse repurchase agreements; exchange-traded funds ("ETFs"); and other financial instruments that, in combination, provide inverse leveraged and unleveraged exposure to the Energy Select Sector Index.