ERY News | Roxom Stocks

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ER

AUM

N/A

Volume

17.49M

Yield

3.46%

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Inverse Energy ETFs Rise Amid Steep Decline in OilOil prices are on their longest weekly losing streak since 2018, leading to a surge in inverse or inverse-leveraged energy ETFs.Zacks Investment Research · Dec 8, 2023

Time for Inverse Energy ETFs?With oil witnessing its largest decline in four weeks and weaker demand indicators appearing on the horizon, is now the moment to consider investing in inverse energy ETFs?Zacks Investment Research · May 31, 2023

Looking To Play Exxon, OXY To The Downside? This Inverse Energy ETF Has 2X LeverageDirexion Energy Bear 2X Shares (NYSE: ERY) opened slightly lower on Tuesday, in contrast to stock futures, which were flat. Occidental Petroleum Corporation (NYSE: OXY) printed a fourth-quarter earnings miss on Monday after the market close but on Tuesday, the stock was trading higher. If Occidental begins to sell off later on Tuesday, the energy sector could begin to slide in tandem, which could boost ERY higher. ERY is a double-leveraged fund that is designed to inversely outperform companies held in the S&P Energy Select Sector Index by 200%. The index includes a variety of energy-related stocks, with two giants, Exxon Mobil Corp (NYSE: XOM) and Chevron Corporation (NYSE: CVX) making up 43.04% of its weighted holdings. A few other top 10 names in the ETF include ...Benzinga · Feb 28, 2023

Inverse Energy ETFs Rally as Oil Price Fall to 2022 LowsAfter outperforming this year, the energy sector has been witnessing decline over the past month. This is especially true as oil prices have dropped to the lowest since last December.Zacks Investment Research · Dec 7, 2022

Bearish On Exxon, Chevron? This Inverse ETF Tracks The Energy SectorDirexion Energy Bear 2X Shares (NYSE: ERY) was trading flat on Friday after a four-day decline saw the ETF retrace 11% off the Sept. 26 high of $51.45. The energy sector had been enjoying a long bull cycle, which began on Dec. 31 2021 and gained steam in February following Russia’s invasion of Ukraine and the oil embargoes that followed. The cycle ended on June 8, when Exxon Mobil Corporation (NYSE: XOM) topped out at the $105.57 mark causing ERY to begin trading higher, although the road for the ETF has been rocky. ERY is a double leveraged fund designed to inversely outperform companies held in the S&P Energy Select Sector Index by 200%. The index includes a variety of energy-related stocks, with two giants, Exxon and Chevron Corporation (NYSE: CVX) making up 45% ...Benzinga · Sep 30, 2022

The Case For A Longer-Term Oil And Gas Bull MarketAfter a long bear market, the energy sector has low capex, and is likely setting up for a longer-term bull market, not just a transitory blip. Click here to read why...Seeking Alpha · Jun 28, 2021

Portfolio Construction UpdateOil, stocks and gold all cannot rise without a corresponding rise in UST yields. The idea that inflation hedge and risk assets can be up but yields down is untenable.Seeking Alpha · May 7, 2021

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ERYDirexion Daily Energy Bear 2X ETF

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Earnings

Dividends

Last · Sep 22Quarterly

Amount$0.0660

Yield4.00%

Annual$0.31