Direxion 300% Leveraged Energy ETFs See Big Moves, Trading Volume

Energy-sector exchange traded funds from Direxion that apply 300% leverage on a daily basis have seen huge swings this week as oil prices swoon. Trading volume in these volatile ETFs surged Tuesday.

Direxion Daily Energy Bull 3x Shares (NYSEArca: ERY) both saw volume of more than 3 million shares Tuesday and one-day moves of about 9%.

Energy Select Sector SPDR Fund (NYSEArca: lost 3% while volume also spiked in the ETF.

Direxion Daily Energy Bull 3x Shares

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.