The Direxion Daily Energy Bull 3X Shares (ERX) are the bullish part of the Direxion Daily Energy Bull and Bear 3x Shares, i.e. funds that seek daily investment results, gross of expenses and commissions, 300% or 300% inverse of the performance of the S&P Energy Select Sector Index that invests in areas such as oil, oil pipelines and coal. These leveraged ETFs, then with a leverage (of 3x), seek a return equal to 300% or -300% of that of their benchmark index for a single day. Funds should therefore not be required to provide three times or three times negatively the return of the benchmark’s cumulative return, for periods exceeding 1 day. These ETFs have several advantages such as the possibility of obtaining economic results quickly because of the leverage, the possibility of pointing up or down, the great liquidity and therefore the speed of trading.

As for the Direxion Daily Energy Bull 3X Shares, they are looking for upward yields in the index, i.e. +300% as “bulls”.

To trade with Direxion Daily Energy Bull ETFs, you can use the Plus500 platform.

LEAVE A REPLY

Please enter your comment!
Please enter your name here