DAX107 Again, like #gold 3X ETF pairs, $OIL $ERX & $ERY follow lower Russell 1000, or half of small caps, they R modeled after $TNA not OIL?
Direxion Daily Energy Bear 3X Shares is an exchange-traded fund incorporated in the USA. The Fund's objective is daily investment results, before fees and expenses, of 300% of the inverse of the price performance of the Russell 1000® Energy Index. The Fund invests in at least 80% of its net assets in Financial Instruments that, in combination, provide exposure to the Energy Index.
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