Direxion Daily Energy Bull 2X Shares (ERX)

[zsvq1p]

This ETF leverages the index to achieve 3 x(daily) the index... which are companies in the energy area.. not oil. Many oil companies are in trouble because of low oil prices.

The market was down yesterday and sure people sell those energy stocks too.. Its jitters..

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

Russell 1000® Energy Index ("Energy Index").
S&P Energy Select Sector Index

The index is provided by Standard & Poor’s and includes domestic companies from the energy industry. It is developed and maintained in accordance with the following criteria:
Each of the component securities in the Index is a constituent company of the S&P 500 Index
Each stock in the S&P 500 Index is allocated to one and only one of the Select Sector Indexes
The Index is calculated by using a modified “market capitalization” methodology, which is a hybrid between equal weighting and conventional capitalization weighting with the weighting capped for the largest stocks included in the Index.

This design ensures that each of the component stocks within a Select Sector Index is represented in a proportion consistent with its percentage with respect to the total market capitalization of such Select Sector Index. One cannot directly invest in an index.

Index Sector Weightings (%)
Oil, Gas & Consumable Fuels 81.49
Energy & Equipment Services 18.51

Data as of 6/30/2015 is subject to change at any time.

Top Ten Holdings %
Exxon Mobil Corp 15.77
Chevron Corp 12.44
Schlumberger LTD 7.67
Kinder Morgan Inc 4.47
EOG Resources Inc 3.94
ConocoPhillips 3.76
The Williams Cos Inc 3.67
Occidental Petroleum Corp 3.50
Pioneer Natural Resources Co 3.15
Anadarko Petroleum Corp 3.10