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Leveraged & Inverse ETFs

Direxion Daily Energy Bull and Bear 2X Shares

The Direxion Daily Energy Bull and Bear 2X Shares seeks daily investment results, before fees and expenses, of 200%, or 200% of the inverse (or opposite), of the performance of the Energy Select Sector Index. There is no guarantee the funds will achieve their stated investment objectives.

These funds track a commodity related equity index, consisting of a basket of energy related stocks. They do not invest in physical commodities and should not be expected to directly track the performance of energy related commodities.

Investing in a Direxion Shares ETF may be more volatile than investing in broadly diversified funds. The use of leverage by the Fund increases the risk to the Fund. The Direxion Shares ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk and the consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investment.

ERX

NAV (Net Asset Value)$64.32As of May 29, 2024
1 Day NAV change$-2.41(-3.62%)As of May 29, 2024

ERY

NAV (Net Asset Value)$23.79As of May 29, 2024
1 Day NAV change$+0.84(+3.64%)As of May 29, 2024
ERXDirexion Daily Energy Bull 2X Shares
Daily Target
+200%
Intra-day Value
ERX.IV
Daily NAV
$64.32
Daily Market Price
$64.30
Expense Ratio
(gross/net %)
0.93 / 0.93*
Daily Volume
472,513
Security Identifier
25460G609
Inception Date
Nov 06, 2008
ERYDirexion Daily Energy Bear 2X Shares
Daily Target
-200%
Intra-day Value
ERY.IV
Daily NAV
$23.79
Daily Market Price
$23.76
Expense Ratio
(gross/net %)
1.15 / 1.08*
Daily Volume
324,957
Security Identifier
25460G179
Inception Date
Nov 06, 2008

Operational Updates

  • 01/23/2024
    Direxion's New ETF Alert Service. Get Price and Volume Alerts automatically via text message!
    Direxion ETF Alerts

Documents & Downloads

  • ERX ERY Fact Sheet (pdf)
  • Direxion ETFs List (pdf)
  • ERX Prospectus
  • ERY Prospectus
  • Daily Fund Holdings (csv)

These leveraged ETFs seek a return that is 200% or -200% of the return of their benchmark index for a single day. The funds should not be expected to provide two times or negative two times the return of the benchmark’s cumulative return for periods greater than a day.

Pricing & Performance

NAV and Market Price information as of 05/29/2024.

ERX Direxion Daily Energy Bull 2X Shares
Net Asset Value (NAV)
$64.32Nav
$-2.41Change
-3.62%Change
Market Price Closing
$64.30Market
$-2.47Change
-3.70%Change
Premium / Discount
$-0.02Change from Last Day Trading
Premium/Discount tool
ERY Direxion Daily Energy Bear 2X Shares
Net Asset Value (NAV)
$23.79Nav
$+0.84Change
+3.64%Change
Market Price Closing
$23.76Market
$+0.83Change
+3.62%Change
Premium / Discount
$-0.03Change from Last Day Trading
Premium/Discount tool
Loading chart...
1M3MYTD1Y3Y5Y10YSince
Inception
Expense Ratio*
(Gross / Net%)
Inception
Date
ERX NAV
-2.53
25.14
22.77
16.45
46.85
-19.09
-22.73
-11.41
0.93 / 0.93*
11/06/2008
ERX Market Close
-2.61
25.21
22.80
16.38
46.89
-19.05
-22.73
-11.41
0.93 / 0.93*
11/06/2008
ERY NAV
2.45
-20.16
-19.16
-19.80
-49.07
-42.96
-29.52
-41.23
1.15 / 1.08*
11/06/2008
ERY Market Close
2.44
-20.02
-19.10
-19.65
-49.07
-42.95
-29.52
-41.23
1.15 / 1.08*
11/06/2008

As of April 30, 2024

The Primary Listing Exchange is the NYSE Arca, Inc.

*The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.91% for ERX and 0.95% for ERY. The Funds’ adviser, Rafferty Asset Management, LLC (“Rafferty”), has entered into an Operating Expense Limitation Agreement with each Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse a Fund for Other Expenses through September 1, 2025, to the extent that a Fund’s Total Annual Fund Operating Expenses exceed 0.95% of the Fund’s average daily net assets (excluding, as applicable, among other expenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses). If these expenses were included, the expense ratio would be higher.

The performance shown prior to April 1, 2020, reflects the Funds’ previous daily leveraged investment objectives, before fees and expenses, of 300% or -300%, of the performance of the Index.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized. For the most recent month-end performance please visit the fund’s website at www.direxion.com.

Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus.

Index Information

The Energy Select Sector Index (IXETR) is provided by S&P Dow Jones Indices and includes domestic companies from the energy sector which includes the following industries: oil, gas and consumable fuels; and energy equipment and services. One cannot invest directly in an index.

View Daily Fund Holdings

Distributions

ERX Direxion Daily Energy Bull 2X Shares

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital GainExpand
03/20/202403/19/202403/26/20240.51159
12/22/202312/21/202312/29/20230.37361
09/20/202309/19/202309/26/20230.45262
06/22/202306/21/202306/28/20230.46915
Record Date03/20/2024
Ex Date03/19/2024
Pay Date03/26/2024
Income Dividend0.51159
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.37361
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/20/2023
Ex Date09/19/2023
Pay Date09/26/2023
Income Dividend0.45262
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/22/2023
Ex Date06/21/2023
Pay Date06/28/2023
Income Dividend0.46915
Short-Term Capital Gain
Long-Term Capital Gain

ERY Direxion Daily Energy Bear 2X Shares

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital GainExpand
03/20/202403/19/202403/26/20240.37026
12/22/202312/21/202312/29/20230.23417
09/20/202309/19/202309/26/20230.23804
06/22/202306/21/202306/28/20230.32407
Record Date03/20/2024
Ex Date03/19/2024
Pay Date03/26/2024
Income Dividend0.37026
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.23417
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/20/2023
Ex Date09/19/2023
Pay Date09/26/2023
Income Dividend0.23804
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/22/2023
Ex Date06/21/2023
Pay Date06/28/2023
Income Dividend0.32407
Short-Term Capital Gain
Long-Term Capital Gain

Strategy & Benefits

You know that TRADING is different than investing. But the opportunity to take advantage of short-term trends is only won, if you get the direction right.

Whether you’re a bull or a bear, Direxion is with you. Our leveraged ETFs are powerful tools built to help you:

  • Magnify your short-term perspective with daily 2X leverage
  • Go where there’s opportunity, with bull and bear funds for both sides of the trade; and
  • Stay agile – with liquidity to trade through rapidly changing markets

Leveraged and inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments.

Documents

Tax Documents

Download the following Tax Reporting Documents

  • Form 8937
    (ERY 2020)

How to Trade

ETFs are generally available for purchase on exchanges, much like stocks—and can be bought and sold throughout the trading day whenever exchanges are open. Direxion ETFs cannot be purchased directly from Direxion, but are available for trading on most trading platforms.

We strongly recommend that you take the time to educate yourself on how leveraged and inverse ETFs function and behave in various market conditions before you endeavor to trade them in your account. It’s always a good idea to consult a financial advisor or brokerage account representative if you have questions about any ETFs.

Please note, your advisor or broker may charge commissions or other transaction fees. If you have any questions specific to Direxion products, please contact us direct at [email protected] or 866-476-7523.

Operational Updates

  • 01/23/2024
    Direxion's New ETF Alert Service. Get Price and Volume Alerts automatically via text message!
    Direxion ETF Alerts

Documents & Downloads

How to Trade

While you can't trade our funds from our website, investors still have multiple options for buying Direxion ETFs
Learn More About Trading Direxion ETFs

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