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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: 9/28/2016 5:18:36 PM - 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

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.



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

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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Current Price
Bid Ask Day's Range
#557   jeepers... what a jump on Saudi production cuts, Pro-Life 09/28/16 05:18:36 PM
#556   Saudi Arabia Burns Through Foreign Reserves As Oil zsvq1p 08/31/16 10:12:06 AM
#555   Slowdown in Oil Finds Raises Alarm Over Supply zsvq1p 08/30/16 12:40:06 PM
#554   This Will Be the Last Time Down for Oil zsvq1p 08/27/16 05:09:05 AM
#553   The chart here reminds me of gold after Pro-Life 08/12/16 06:15:37 PM
#552   Hi zsvq1p Toofuzzy 08/12/16 09:58:40 AM
#551   Game of Chicken Continues Among Oil Producers zsvq1p 08/12/16 04:55:53 AM
#550   ERX bullish 30.67 stocktrademan 07/21/16 01:58:56 PM
#549   A good run stalling... on the sidelines for now. Pro-Life 07/10/16 09:41:43 AM
#548   Oil prices heading toward $40. Here’s when: Analyst zsvq1p 06/11/16 04:50:41 AM
#547   Channel Hit a resistant yesterday so we could see zsvq1p 06/09/16 07:22:21 AM
#546   Gaps They have worked in the past and might zsvq1p 06/09/16 07:14:39 AM
#545   American oil's 'sleeping giant' is about to spring zsvq1p 06/09/16 07:09:41 AM
#544   Harry has posted Charts of the Day video thetechtrader 06/08/16 08:41:57 AM
#543   Dollar vs oil zsvq1p 06/07/16 03:22:12 PM
#542   Al-Falih said. “We see supply and demand converging.” zsvq1p 06/04/16 04:55:01 AM
#541   Ahead of Meeting, OPEC Seems Close to Riding zsvq1p 06/01/16 07:26:21 AM
#540   Not sure when the bull ends but the Pro-Life 05/21/16 11:46:38 PM
#539   If I was Saudi Arabia I would have Toofuzzy 04/10/16 06:16:42 PM
#538   Saudi Oil Gambit Moves to Phase Two zsvq1p 04/10/16 10:43:25 AM
#537   Weeeeeeee dannyzee84 03/17/16 12:38:06 PM
#536   Looking for a double bottom confirmation Read-Dark Pool 02/03/16 04:24:18 PM
#535   The rally in crude oil? Shale will cap zsvq1p 01/29/16 04:57:25 AM
#534   Believe these guys ? zsvq1p 01/29/16 04:50:09 AM
#533   Before March 18 ;) still have my 20 dannyzee84 01/26/16 04:26:12 PM
#532   that 22 will fill imo.. not sure when? zsvq1p 01/26/16 02:09:27 PM
#531   March will be good for oil in the dannyzee84 01/26/16 12:47:17 PM
#530   I've got some small shares of ERX.. Flipping zsvq1p 01/25/16 03:29:50 PM
#529   Starting to place funds back into OIL/ERX. surf1944 01/25/16 03:07:45 PM
#528   How can you not think oil will go zsvq1p 01/25/16 02:58:00 PM
#527   More Boomage dannyzee84 01/22/16 09:25:06 AM
#526   Boomage dannyzee84 01/21/16 11:06:12 AM
#525   Very good point. zsvq1p 01/21/16 09:47:45 AM
#524   Wouldn't be a bad hedge.. I would do dannyzee84 01/21/16 08:25:29 AM
#523   U.S. stock index futures pointed to a flat zsvq1p 01/21/16 08:24:56 AM
#522   Oil company paying people to take it.. . zsvq1p 01/21/16 08:17:08 AM
#521   You might still have some time... zsvq1p 01/21/16 08:12:21 AM
#520   Well, this isn't promising... I am hoping the dannyzee84 01/21/16 08:10:45 AM
#519   Common Sense is as you say... zsvq1p 01/21/16 08:09:14 AM
#518   I'll be playing ERX and FAS until Q1 dannyzee84 01/21/16 08:07:09 AM
#517   The bulls yesterday liked China numbers.. but can zsvq1p 01/21/16 08:02:41 AM
#516   I'm now out of ERY and only in zsvq1p 01/21/16 08:01:08 AM
#515   If you look at last year, October to dannyzee84 01/21/16 07:53:37 AM
#514   That Gap filled yesterday again.. and yes I zsvq1p 01/21/16 07:48:44 AM
#513   ERX is rocking.. Momentum continuing til eow, maybe eom dannyzee84 01/20/16 03:27:47 PM
#512   The march18 20c that I've bought twice at dannyzee84 01/20/16 03:20:50 PM
#511   Pro.. zsvq1p 01/20/16 03:04:54 PM
#510   Bird in hand. My calls would need a dannyzee84 01/20/16 03:03:48 PM
#509   Its been OS 4 times without even making dannyzee84 01/20/16 03:03:01 PM
#508   Well your timing was good.. I popped it zsvq1p 01/20/16 03:01:36 PM