Traders Bet on an Oil Rally With This ETF
This article was originally published on ETFTrends.com.
Oil prices and energy stocks are slumping, but those scenarios are not preventing some aggressive traders from making leveraged bets on an energy sector rebound. Data confirm that in recent weeks, traders have been flocking to the Direxion Daily Energy Bull 3X Shares (ERX). ERX tracks the 300% daily performance of the Energy Select Sector [...]