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The Fund seeks daily investment results, before fees and expenses, of 200% of the inverse (or opposite) of the daily performance of the Energy Select Sector Index (the "Index"). The Index is provided by S&P Dow Jones Indices (the "Index Provider") and includes domestic companies from the energy sector, which includes the following industries: oil, gas and consumable fuels; and energy equipment and services, as classified by the Global Industry Classification Standards ("GICS"). The Fund, under normal circumstances, invests at least 80% of the Fund's net assets (plus borrowing for investment purposes) in financial instruments, including swap agreements, futures contracts, or short positions, that, in combination, provide 2X daily inverse (opposite) or short exposure to the Index or to exchange-traded funds ("ETFs") that track the Index, consistent with the Fund's investment objective. The financial instruments in which the Fund most commonly invests are swap agreements and futures agreements which are intended to produce economically inverse leveraged investment results.
Direxion Daily Energy Bear 2X ETF trades on the ARCA stock market under the symbol ERY.
As of August 6, 2026, ERY stock price declined to $10.91 with 877,053 million shares trading.
ERY has a beta of 1.29, meaning it tends to be more sensitive to market movements. ERY has a correlation of 0.12 to the broad based SPY ETF.
ERY has a market cap of $40.53 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, ERY traded as high as $31.44 and as low as $9.57.
ERY has underperformed the market in the last year with a return of -49.9%, while the SPY ETF gained +23.7%. In the last 3 month period, ERY fell short of the market, returning +1.6%, while SPY returned +6.5%. However, in the most recent 2 weeks ERY has outperformed the stock market by returning +3.8%, while SPY returned +2.9%.
ERY support price is $10.83 and resistance is $11.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ERY shares will trade within this expected range on the day.
