The Direxion Daily Energy Bull 3x Shares (Ticker: ERX) seeks daily investment results, before fees and expenses, that correspond to THREE TIMES (300%) the daily performance of the Russell 1000 Energy Index. The index consists of energy-related businesses, such as oil companies involved in the exploration, production, servicing, drilling and refining processes, and companies primarily involved in the production and mining of coal and other fuels used in the generation of consumable energy. Also included are gas distribution, gas pipeline and other such companies. The index is rebalanced monthly and the fund obtains its leverage by using a combination of derivatives, futures, and swaps.