ERY Profile
ERY
is an exchange-traded fund (ETF) managed by Direxion Investments that
seeks to provide the inverse daily performance of the Energy Select
Sector Index. The ETF is designed to provide -200% of the daily return
of the index, making it a leveraged ETF that is intended for
short-term trading.
The Energy Select Sector Index is a
market-cap weighted index of companies in the energy sector of the S&P
500. The index includes companies engaged in the exploration,
production, and distribution of oil, gas, and other energy resources.
Investing in ERY is not suitable for all investors and carries a
high level of risk, as the ETF is designed for short-term trading and
may experience significant losses during prolonged market downturns.
Traders who use ERY should be experienced and closely monitor their
positions. It is important to note that leveraged ETFs such as ERY are
designed to be held for short periods and are not intended as
long-term i
|
