The reason it is down is because of mainly Exxon. They were dumped on the Index. But also demand and supply for oil.
This is only a flipper. Buy on dips and sell at highs. If you can catch it on a very low point and hang tough you might get a bagger..
You can see the holdings here..
https://www.direxion.com/uploads/ERX-ERY-Fact-Sheet.pdf
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