ERY
Direxion Daily Energy Bear 2X Shares·NYSE
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Key Stats
Assets Under Management
18.97MUSD
Fund Flows (1Y)
2.07MUSD
Dividend Yield
4.09%
Discount/Premium to NAV
0.12%
Shares Outstanding
1.37M
Expense Ratio
0.99%
About Direxion Daily Energy Bear 2X Shares
Issuer
Rafferty Asset Management, LLC
Brand
Direxion
Inception Date
Nov 6, 2008
Structure
Open-Ended Fund
Index Tracked
Energy Select Sector Index
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
ERY, thru derivative instruments, provides daily 2x inverse exposure to the S&P Energy Select Sector Index, a constituency of energy companies derived from the S&P 500. Remember that this is an extremely concentrated sector, and includes industries such as oil, gas and consumable fuels, and energy equipment and services. The fund is designed to be a short-term trading vehicle and rebalances daily. As a result, compounding and path dependency lead to a lack of predictability in the fund's long-term returns. Prior to March 31, 2020, the fund name was Direxion Daily Energy Bear 3X Shares.
Classification
Asset Class
Equity
Category
Sector
Focus
Energy
Niche
Broad-based
Strategy
Vanilla
Geography
U.S.
Weighting Scheme
Market Cap
Selection Criteria
Committee
Analysis
Asset
No data available
Holdings
Symbol
Ratio
DREYFUS GOVT CASH MAN INS
99.33%
GOLDMAN SACHS FIN GOV 465 INSTITUT
13.40%
GOLDMAN FINL SQ TRSRY INST 506
10.95%
ENERGY SELECT SECTOR INDEX SWAP
-33.54%
Symbol
Ratio
No holdings data
Top 10 Weight 90.14%
4 Total Holdings
See all holdings
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Seasonals
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