Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP) — ()
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Now Is a Good Time to Be an Energy Bear
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Sentiment: Negative ()
Energy sector bulls are feeling anything but energetic these days. Nonetheless, traders can still extract profitable opportunities in the sector with the flexibility of leveraged/inverse funds from Direxion.
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About Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares DRIP
The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). The index is designed to measure the performance of the oil and gas exploration and production sub-industry determined based on the GICS. The fund is non-diversified.