So, it is fair to say that the selling lately in Energy equities has not been relegated to one particular sub-sector or “cap size” within the greater space, and there has been clear trimming of long positions at least in these select ETFs.
Several Inverse/Bear (some daily leveraged) funds exist in the Energy equity space that may very well see upticks in trading activity in the next month or so given the prevailing sentiment in the sector, and these include ERY (Direxion Daily Energy Bear 3X Shares, Expense Ratio 0.95%), DUG (UltraShort Oil & Gas, Expense Ratio 0.95%), and DDG (ProShares Short Oil & Gas, Expense Ratio 0.95%).
SPDR S&P Oil & Gas Exploration & Production ETF
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