The UltraShort Oil & Gas ProShares (NYSEArca: DUG) takes two times the inverse, or -200%, daily performance of the Dow Jones U.S. Oil & Gas Index. More aggressive traders can take a look at the Direxion Daily Energy Bear 3X Shares (NYSEArca: ERY), which reflects three times the inverse, or -300%, daily performance of the energy select sector index. Moreover, the recently launched Direxion Daily S&P Oil & Gas Exploration & Production Bear Shares (NYSEArca: DRIP) takes the -3x, or -300%, daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index.
Related: 32 Best ETFs to Track Crude Oil
“Some of the XLE’s biggest components, says Gilbert — Chevron (CVX) and Exxon Mobil (XOM) — are seeing protective put buying. Both stocks were up 11 percent and 13 percent, respectively, in the second quarter,” according to CNBC.
For more information on Energy ETFs, visit our Energy category.
Energy Select Sector SPDR