Direxion Daily Energy Bear 2X ETF (ERY)
Direxion Daily Energy Bear 2X ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $9.80, down 0.41% on the session, giving a market capitalisation of $37.4M. Its beta of -0.03 implies it has historically moved less than the broad market.
The index is provided by S&P Dow Jones Indices and includes domestic companies from the energy sector which includes the following industries: oil, gas and consumable fuels; and energy equipment and services. The fund invests at least 80% of the fund’s net assets in financial instruments, that, in combination, provide 2X daily inverse (opposite) or short exposure to the index or to ETFs that track the index, consistent with the fund’s investment objective. It is non-diversified.
Direxion Daily Energy Bear 2X ETF is most often compared with the following Financial Services names: