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home / news releases / ERY - ERY: A Contrarian Leveraged ETF Against The Market's Most Crowded Energy Trade

ERY - ERY: A Contrarian Leveraged ETF Against The Market's Most Crowded Energy Trade

Direxion Daily Energy Bear 3X Shares
  • ERY is a 2x leveraged inverse ETF that gains as a basket of major oil and gas stocks declines.
  • A deteriorating macro growth outlook can result in headwinds towards energy demand as a bearish case on the sector.
  • ERY may be a compelling trade idea from the current level to capitalize on a correction in energy stocks or hedge existing long exposure.

For further details see:

ERY: A Contrarian Leveraged ETF Against The Market's Most Crowded Energy Trade
Stock Information
Company Name: Direxion Daily Energy Bear 3X Shares
Stock Symbol: ERY
Market: NYSE
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