About Direxion Daily Energy Bear 3X Shares (ERY)

The Direxion Daily Energy Bear 3X Shares (ERY) is an exchange-traded fund (ETF) that seeks a daily investment result that corresponds to three times the inverse (-3x) of the daily performance of the Energy Select Sector Index. This index is comprised of companies in the energy sector of the S&P 500 Index. ERY is designed for traders looking to actively manage their exposure to the energy sector.

With a focus on inverse performance, ERY is intended to generate amplified returns when the energy sector experiences decreased performance. The fund accomplishes this through the use of derivative instruments, such as swaps, futures contracts, and options. It provides a convenient way for investors to gain short exposure to the energy industry without having to individually short stocks or purchase put options.