ERX - Direxion Daily Energy Bull 3X Shares
| Previous Close | 13.91 |
| Open | 0.00 |
| Bid | 13.99 x 900 |
| Ask | 14.22 x 1800 |
| Day's Range | 0.00 - 0.00 |
| 52 Week Range | |
| Volume | 0 |
| Avg. Volume | 2,045,300 |
| Net Assets | 293.89M |
| NAV | 14.50 |
| PE Ratio (TTM) | N/A |
| Yield | 1.80% |
| YTD Daily Total Return | -3.32% |
| Beta (3Y Monthly) | 3.74 |
| Expense Ratio (net) | 1.09% |
| Inception Date | 2008-11-06 |
- ETF Trends
Power Cuts in California Could Put Leveraged Energy ETFs in Play
It will be "California Dreamin'" as in dreaming of electricity for a number of Northern California residents as utility group PG&E Corp is cutting electricity in order to minimize the risk of wildfires. This could put leveraged energy funds in play for savvy investors who may sense an opportunity. Per a Bloomberg report, “on Wednesday, utility PG&E Corp. began cutting electricity to almost 800,000 California homes and businesses -- representing roughly 2.4 million people -- to prevent wildfires as high winds are forecast to whip through the state.
- ETF Trends
The Marriage of Disruptive Tech and Oil Sector Could Yield Leveraged ETF Options
The oil and gas industry is undergoing its own renaissance with the incorporation of disruptive technology like data analytics, machine learning and artificial intelligence based on an L.E.K. Consulting ...
- ETF Trends
Energy Sector Could Open Opportunities for Leveraged ETFs
Exchange-traded fund (ETF) traders armed with leverage are operating in a landscape where a U.S.-China trade war, inverted yield curves and other factors affecting global growth are making for a challenging ...
- ETF Trends
Could Days of Large Spikes in Oil Prices be Gone?
Volatile price moves in oil that could cause stomach-churning, rollercoaster-like oscillations could be behind us, according to oil expert Rusty Braziel. Braziel’s comments come after drone attacks in Saudi Arabia last week saw oil prices soar on supply disruption fears. The attacks were enough to cause U.S. President Donald Trump to announce that emergency oil reserves were at-the-ready if necessary.
- Benzinga
3 Leveraged ETFs That Are On Fire In September
First, the necessary disclaimer that leveraged exchange-traded funds should not be held for weeks or months on end. The long a leveraged ETF, the odds increase it will deviate from its underlying investment objective, potentially leaving traders with unpleasant surprises. There are times when some leveraged ETFs soar for extended periods of time and that has been happening this month for a trio of previously downtrodden leveraged energy funds.
- ETF Database
Sell on the Pop Prospects: September 18 Edition
Here is a look at ETFs that currently offer attractive short selling opportunities. The ETFs included in this list are rated as sell candidates for two reasons. First, each of these funds is deemed to be in a downtrend based on the fact that its 50-day moving average is below its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively. Second, each of these ETFs is also trading above its 20-day moving average, thereby offering a near-term 'sell on the pop' opportunity given the longer-term downtrend at hand. Note that this prospects list also features a liquidity screen by excluding ETFs with average trading volumes below the one million shares mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.
- Benzinga
Bad Timing Roasts Traders In This Leveraged Energy ETF
Oil prices enjoyed one of their best intraday performances in decades following drone strikes on Saudi Arabian oil assets that knocked 5% of the world's daily supply offline. This was good news for traders using bullish leverage oil funds and great news for those that had the foresight and fortitude to hold such products over the weekend.
- Zacks
Leveraged Oil & Energy ETFs to Play on Saudi Attack
As an attack on Saudi's oilfields massively disrupted production and shot up oil prices, leveraged oil and energy ETFs are likely to surge in the short term.
- ETF Database
8 Oil ETF Plays as Saudi Production Rocks Markets
Oil ETFs surged upwards of 10 percent Monday after attacks on Saudi oil production facilities Saturday knocked out 5.7 million barrels of daily production.
- ETF Trends
Rising Middle East Tensions Could Spike Oil Prices This Week
Rising tensions in the Middle East could spike oil prices further this week as events unfold following an attack on Saudi Arabian oil facilities over the weekend. This could hamper global supply, which ...
- ETF Trends
Oil Prices Won’t Stop U.S. From Dominating Energy
Whether oil prices rise or fall is not a major factor to the U.S., according to Dan Brouillette, the Deputy Secretary of the U.S. Department of Energy. What is of higher importance is that the U.S. achieves energy dominance. While a protracted U.S.-China trade war and slowing global growth could affect demand, resulting in lower oil prices, being the dominant player in energy is the modus operandi for the U.S.
- ETF Trends
Oil Prices Jump on Third Straight Week of Inventory Declines
It was a case of now you see it and now you don’t for oil traders this week as the Energy Information Administration on Thursday reported that U.S. crude supplies declined by 4.8 million barrels for the ...
- ETF Trends
Oil Prices Can Hinge Upon China’s Economy
China is the world’s largest oil consumer and as such, oil prices can hinge upon how well its economy is performing. For example, positive economic data from China helped spur a rise in oil prices on Wednesday. Per a CNBC report, “A private survey showed that activity in China’s services sector expanded at the fastest pace in three months in August as new orders rose, prompting the biggest increase in hiring in more than a year.
- ETF Trends
Analyst: Oil Prices Must Fall in Order to Stay Competitive
According to one analyst, oil prices must decline to $10 and $20 per barrel in order remain competitive in the ever-changing mobility sector. Oil prices have been racked by the market volatility due to fears of easing global demand due to the U.S.-China trade war. “We have to be very clear here,” said Mark Lewis, who is global head of sustainability research at BNP Paribas Asset Management, added.
- ETF Trends
Oil Spikes as Inventories Fall, Demand Fears Ease
On Wednesday, oil prices were up more than 1% after the latest data from the U.S. Energy Information Administration revealed a steep fall in U.S. crude stockpiles. Brent crude futures were1.7% higher to reach a price of $60.52 a barrel while WTI crude futures were 1.5% higher to $55.75 a barrel. Leveraged bull traders certainly cheered the move when it looked like worries of oversupply and weaker global demand would put downward pressure on oil prices.
- ETF Trends
Will Oversupply Cause Oil to Continue to Underperform?
In the last 10 years, the U.S. has been ramping up its oil production exponentially and its ready to produce even more, which could cause oil prices to underperform. Per a report by CNBC, “In the last decade, the U.S. has more than doubled oil production to 12.3 million barrels a day, making it the world’s largest producer. The Plains All American Pipeline’s Cactus II pipeline could exacerbate supply levels to the point of glut hurting oil prices.
- ETF Trends
Inverted Yield Curve Woes Spill Over into Oil Prices
As the Dow Jones Industrial Average had its worst day of 2019 with an 800-point loss on Wednesday, the market woes spilled over into oil prices. In addition, the U.S.-China trade war is making Chinese traders from making bets in U.S. crude. Per an OilPrice.com report, “Chinese refiners and traders have been staying away from U.S.-origin crude cargoes for months amid the trade war, despite the fact that China doesn’t have tariffs imposed on U.S. oil.
- ETF Trends
Energy Plays Could be on Traders’ Radars as China Could Target U.S. Oil
While in general, the U.S.-China trade war may be seen as a net negative for the capital markets, traders have been embracing the volatility that's returning. While the tariff-for-tariff war wages on, China could target U.S. oil next, which could make way for some interesting energy plays. “I think it is a virtual shoo-in that volumes will slow to a trickle and may even grind to a complete halt,” Stephen Brennock, oil analyst at PVM Oil Associates, told CNBC via email.
- ETF Trends
Oil’s Worst Day in Four Years Opens Up Energy Opportunities
Just as the capital markets were responding to the upside on the heels of the 25-basis point rate cut by the Federal Reserve, U.S. President Donald Trump’s imposition of tariffs sent the markets back down. Oil prices saw their worst performance in four years, but opportunities could be ahead for leveraged, energy-focused exchange-traded funds (ETFs). The Dow finished 300 points in the red following the rate cut announcement on Wednesday and then went up over 300 at the beginning of the following market session on Thursday.
- Investopedia
How to Trade 2019's Best Performing Leveraged Sector ETFs
See what sectors have led the stock market higher in early 2019. Ride short-term momentum using these three leveraged sector ETFs.
- Zacks
6 Leveraged ETFs to Play Trade, Oil and Shutdown Hopes
Optimism is prevailing around U.S.-Sino trade, oil price and U.S. government shutdown. This should boost the following leveraged ETFs.
- Zacks
Tap Oil with These Leveraged Energy ETFs
Amid the renewed optimism, many investors have turned bullish on the energy sector and are seeking to tap this opportunity. For them, a leveraged play on energy or oil could be an excellent idea.
