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Direxion Daily Energy Bull 3X Shares (ERX)

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Moderator: zsvq1p, Pro-Life
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Last Post: 5/15/2017 10:39:41 AM - Followers: 27 - Board type: Free - Posts Today: 0

ETF Fund Objective: The Energy Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the price performance of the Russell 1000® Energy Index ("Energy Index"). There is no guarantee the fund will meet its stated investment objective. Holdings The fund will invest at least 80% of assets in securities that comprise the index. It will also utilize financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. Propspectus

http://www.direxioninvestments.com/wp-content/uploads/2014/02/ERXERY-Fact-Sheet.pdf

Principal Investment Strategy. The Direxion Daily Energy Bull 3X Shares, under normal circumstances, creates long positions by investing at least 80% of its net assets in the equity securities that comprise the Energy Index. The Direxion Daily Energy Bull 3X Shares also will invest in Financial Instruments that, in combination, provide leveraged and unleveraged exposure to the Energy Index. The Direxion Daily Energy Bear 3X Shares does not invest in equity securities. Under normal circumstances, it creates short positions by investing at least 80% of its net assets in Financial Instruments that, in combination, provide leveraged and unleveraged exposure to the Energy Index, and the remainder in Money Market Instruments. On a day-to-day basis, the Direxion Daily Energy Bull 3X Shares also holds Money Market Instruments.

 

News: http://www.wtrg.com/

Perf Chart comparing The index to ERX

Perf Chart for ERX

 

 

A major component of this fund is DIREXION ENERGY INDEX SWAP

What is an Energy Swap (ES) transaction?
     An ES transaction is an agreement between you and the Bank to swap a floating price for a fixed price for the underlying commodity. ES transactions allow you to achieve a fixed price, being your level of commodity price protection, for an agreed quantity of a commodity on an agreed future date that is more than 1 month (but not more than 2 years) after the trade date.
     The floating price or commodity reference price in an ES transaction is based on the settlement price of an agreed futures contract for the underlying commodity on an agreed futures exchange or on the settlement price quoted in an agreed trade journal for the underlying commodity.
      The fixed price is determined by the Bank. The commodity reference price applicable to a pricing period is calculated using the average rate method. Under this method, the sum of the daily settlement prices of a particular futures contract or the sum of the daily settlement prices quoted in an agreed trade journal on each business day in the pricing period is divided by the number of futures or trade journal business days in the pricing period.

Matthew Frailey daily

http://wiki.fool.com/How_to_Calculate_Overnight_Index_Swap_(OIS)

Big Cap 3x Bull (BGU) | Big Cap 3x Bear (BGZ) | Small Cap 3x Bull (TNA) | BGU-BGZ-TNA |  | MajorMarket board
Energy 3x Bull (ERX) Energy 3x Bear (ERY) Financial 3x Bull (FAS) | Financial 3x Bear (FAZ) 

   

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PostSubject
#609   U.S. Shale’s Favorite Financial Trick Is Getting Less Attractive zsvq1p 05/15/17 10:39:41 AM
#608   That gap fills around 23... zsvq1p 05/10/17 01:57:46 PM
#607   Still on the sidelines... in no rush whatsoever. Pro-Life 05/09/17 04:30:48 PM
#606   Hedge Funds Bail Just Before OPEC-Driven Oil Rally Vanishes zsvq1p 05/09/17 04:19:06 PM
#605   Saudi Arabia says will "do whatever it takes" zsvq1p 05/09/17 04:14:36 PM
#604   I would be surprised if OPEC wants these zsvq1p 05/05/17 01:04:10 PM
#603   Added 11.6% more shares to my holdings of ERX Toofuzzy 05/05/17 10:12:48 AM
#602   OPEC faces high-stakes decision as oil wavers around zsvq1p 05/05/17 07:31:14 AM
#601   DUBAI (Reuters) - Most oil producers support an zsvq1p 04/17/17 01:22:07 PM
#600   Bullish Oil Bets Gain on Signs OPEC Cuts zsvq1p 04/17/17 01:14:32 PM
#599   Oil had an interesting move late Sunday night. Toofuzzy 04/16/17 11:25:14 PM
#598   Energy Stocks have not done well in recent zsvq1p 03/10/17 04:33:10 AM
#597   CERAWeek: OPEC done bearing ‘burden of free riders’ zsvq1p 03/10/17 03:32:54 AM
#596   No Trend-Line Breaks, no entry, no loss sharpshorts 03/09/17 06:58:06 AM
#595   North American Rotary Rig Counts zsvq1p 03/09/17 04:22:45 AM
#594   U.S. shale plots production growth despite OPEC's warning zsvq1p 03/09/17 04:21:29 AM
#593   Oil prices dive 5 percent as U.S. crude zsvq1p 03/09/17 04:11:51 AM
#592   Just some patterns to justify an entry...either way sharpshorts 03/04/17 08:57:56 PM
#591   Green Zone zsvq1p 02/25/17 06:37:13 AM
#590   US Crude Oil Production Hit a 10-Month High: zsvq1p 02/25/17 06:00:50 AM
#589   Pro... Trading Gaps might be good entry zsvq1p 02/25/17 05:56:14 AM
#588   As soon as I said that, down she Pro-Life 02/24/17 10:41:29 AM
#587   Libya Oil Output On The Rise, Highest Since 2014 zsvq1p 02/01/17 07:06:45 AM
#586   Global oil, gas discoveries drop to 70-year low: zsvq1p 01/20/17 10:03:09 AM
#585   China's Oil Collapse Is Unintentionally Helping OPEC zsvq1p 01/17/17 12:52:54 PM
#584   Oil slides 2 percent on strong dollar, doubts zsvq1p 01/11/17 05:39:58 AM
#583   https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iDVRwkfRHzK4/v3/-1x-1.png[ zsvq1p 01/05/17 12:20:10 PM
#582   I've been in accumulation for months now. Still zsvq1p 01/03/17 01:06:47 PM
#581   I sold 5% of my shares at $42 Toofuzzy 01/03/17 01:05:26 PM
#580   OPEC Posted by Bloomberg Date: January 03, 2017 zsvq1p 01/03/17 12:52:59 PM
#579   Nothing wrong with taking profit. zsvq1p 01/03/17 12:51:47 PM
#578   I am going to sell a few shares Toofuzzy 12/31/16 12:14:14 AM
#577   Bullish... for the foreseeable future... ERX Pro-Life 12/30/16 10:32:05 PM
#576   broke out of that channel! zsvq1p 11/30/16 10:08:26 PM
#575   About time for a beat down. Fill that zsvq1p 11/17/16 10:29:33 AM
#574   About time for a beat down. Fill that zsvq1p 11/17/16 10:29:22 AM
#573   About time for a beat down. Fill that zsvq1p 11/17/16 10:29:21 AM
#572   Oil prices dip on persistent fuel supply overhang zsvq1p 11/11/16 06:41:59 AM
#571   Playing the Gaps.. Time to sell and buy zsvq1p 11/11/16 05:18:07 AM
#570   Playing the Gaps.. zsvq1p 11/07/16 10:37:08 AM
#569   "I wouldn't be surprised if by the end zsvq1p 11/02/16 01:23:58 PM
#568   Well this triggered a buy.. We'll see zsvq1p 11/01/16 02:49:47 PM
#567   Buy the rumor sell the fact. Next big zsvq1p 10/31/16 08:13:27 AM
#566   I hope you didn't jump ship.. zsvq1p 10/31/16 08:05:04 AM
#565   Who did this? zsvq1p 10/31/16 08:02:32 AM
#564   Accumulate and sell at gaps zsvq1p 10/31/16 07:55:36 AM
#563   Channel trade... zsvq1p 10/31/16 07:44:36 AM
#562   Inverse H&S? zsvq1p 10/31/16 07:39:03 AM
#561   Gaps have always seemed to fill... zsvq1p 10/31/16 07:31:53 AM
#560   This ETF is based on stocks.. leveraged. zsvq1p 10/31/16 07:22:25 AM
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