Direxion Daily Energy Bull 2X ETF
ERX
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York City NY United States of America 10019
- IPO Date
- Nov 19, 2008
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily Energy Bull 2X Shares (ERX) is an exchange-traded fund that provides 200% leveraged exposure to the daily performance of the Energy Select Sector Index. The fund seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of the index, which tracks U.S. companies in the energy sector, including oil, gas, and consumable fuels; energy equipment and services; and related activities. It achieves this objective through investments in financial instruments such as swap agreements, futures contracts, and options linked to the index or its components, with a portfolio that typically holds energy sector stocks and derivatives for leverage. ERX operates within the leveraged and inverse ETF segment of the financial services industry, targeting sophisticated investors, traders, and institutions seeking amplified returns from energy sector movements. The fund is issued and managed by Direxion Shares ETF Trust, a subsidiary of Rafferty Asset Management, LLC, which was founded in 1997 and is headquartered in Limerick, Pennsylvania. It trades on the NYSE Arca exchange and is available to U.S. investors with no geographic restrictions beyond standard market access. In recent developments, Direxion announced enhancements to its leveraged ETF lineup in 2024, including improved liquidity provisions and expanded marketing efforts amid volatile energy markets driven by geopolitical tensions and oil price fluctuations. The fund experienced a significant assets under management increase following the 2024 energy sector rally, prompting Direxion to launch complementary products like refined single-stock energy leveraged ETFs. No major acquisitions, partnerships, or structural changes specific to ERX were reported in the last two years, though the parent firm Rafferty continues to innovate in derivative-based strategies.