|Bid||19.25 x 1100|
|Ask||19.33 x 3100|
|Day's Range||19.00 - 21.77|
|52 Week Range||3.10 - 59.65|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-65.23%|
|Beta (5Y Monthly)||-2.67|
|Expense Ratio (net)||1.07%|
The investment objective and strategy of each fund in the table below is to now seek daily leveraged, or daily inverse leveraged, investment results, before fees and expenses, of 200% or -200%, as applicable, of the performance of its underlying index, as shown below:
Due to recent market volatility and related developments, 10 funds will be underexposed to the market today. At market open, each fund will have the following exposure. This reduced exposure is for today, March 31, 2020, only.
The investment objective and strategy of each Fund in the table below is currently to seek daily leveraged, or daily inverse leveraged, investment results, before fees and expenses, of 300% or -300%, as applicable, of the performance of its underlying index. Effective after market close on March 31, 2020 each Fund's investment objective and strategy will change to seek daily leveraged, or daily inverse leveraged, investment results, before fees and expenses, of 200% or -200%, as applicable, of the performance of its underlying index, as shown below:
Recent and near unprecedented volatility across global markets, driven by the impact of the COVID-19 pandemic and oil price war, has dramatically increased the explicit and implicit cost of trading in the energy and commodities markets. While volatility will subside at some point, the ability to cost-effectively and efficiently access these markets may remain challenged for some time.
The oil market could face one of the largest supply overhangs in modern oil market history in April. This indicates that the worst might not be over yet.
Direxion has announced it will execute forward share splits for two of its exchange-traded funds ("ETFs"), as well as reverse share splits for an additional two ETFs. The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined below.
Despite encouraging signs late in 2019 that the energy market might be swept up in the rally that pushed major indexes to new highs, the prices for oil and natural gas have spent the initial weeks of 2020 in a downward spiral to new 52-week lows. For starters, Direxion’s broad-based Daily Energy Bear 3X Shares (NYSE: ERY), which tracks the S&P Energy Select Sector Index (IXE), is higher in 2020 by more than 120%. Funny enough, ERY is the lowest-performing ETF of the three energy funds Direxion offers, the other two are up as much as 265% year-to-date, putting them well among the top-performing funds of the year so far.
Due in large part to the panicked selling caused by the spread of the novel coronavirus, also know as COVID-19, oil prices and energy equities are tumbling. For example, the United States Oil Fund (NYSE: ...
After scaling new highs to start the year on the initial U.S.-China trade deal, Wall Street is badly shaken by the fast-spreading coronavirus that has led to fears of a worldwide pandemic.
Despite a strong 2019 for stocks, one of the sectors that was hesitant to jump to record highs was the energy sector. One of its main drivers, oil, could be reaching a peak, according to Chevron CEO Michael ...
Gains were fleeting for oil bulls following the U.S. airstrike in Iraq that killed an Iranian general, which saw prices skyrocket before subsequently falling as tensions began to subside. Putting further ...
In trading, there are definitely times when it's better to be lucky than good. Then there are times when a trader is good, but unlucky. Following news of the death of General Qassem Soleimani , a bloody ...
The energy patch has been punished this month, particularly the volatile exploration and production stocks. The primary problem for exploration and production companies this year is that the U.S. is awash in crude and is pumping at record highs, relevant because most E&P firms operate in the U.S. The thing is, the world's appetite for oil is projected to wane over the near-term amid intensifying recession fears for major global economies.
Wall Street has been witnessing a tough ride this month due to U.S.-China trade conflicts, weak global economic data, low inflation and political unrest in Hong Kong.
Amid bearish fundamentals, many investors have turned bearish on the energy sector and are seeking to tap this opportunity. For them, an inverse or leveraged inverse play on energy or oil could be an excellent idea.
The S&P Oil & Gas Exploration & Production Select Industry Index (SPSIOPTR), as is often the case, is responding to oil prices. This month, that is not a good thing as the index is lower by more than 13.50 ...
We have highlighted five leveraged inverse ETFs that gained more than 40% in May though these involve a great deal of risk when compared to traditional products.
NEW YORK , May 24, 2019 /PRNewswire/ -- Direxion has announced it will execute a reverse split of the issued and outstanding shares of the Direxion Daily Mid Cap Bear 3X Shares, Direxion Daily Small Cap ...
The hot exploration and production segment of the energy sector gets its first batch of earnings tests this week as just over 24 percent of the S&P Oil & Gas Exploration & Production Select Industry Index ...