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ERX

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    52.0202$
  • Previous Close
    52.1464$
  • 52 Week Change
    --
  • Day Range
    -0.13$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

ERX.US is the symbol for the Direxion Daily Energy Bull 2X Shares ETF. This ETF aims to achieve 200% of the daily performance of the Energy Select Sector Index, which tracks companies from the energy sector, including oil, gas, and consumable fuels. It is a leveraged ETF, designed for short-term trading, not long-term investment, due to the effects of compounding.
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Factors

Market Sentiment: Overall investor confidence and risk appetite influences demand for ERX.US.

Energy Sector Performance: ERX.US tracks energy companies; their performance drives its price.

Crude Oil Prices: ERX.US is highly correlated with crude oil; rising oil prices often increase its value.

Natural Gas Prices: The ETF's holdings in natural gas companies influence its value.

Interest Rates: Higher interest rates can decrease investment in ERX.US.

Economic Growth: A strong economy boosts energy demand, impacting ERX.US positively.

Geopolitical Events: Events affecting oil supply can drastically alter ERX.US price.

Company-Specific News: News regarding specific ERX.US holdings impacts its value.

Leverage: As a 2x leveraged ETF, daily gains/losses are amplified.

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