Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares seeks daily investment results, of 200% of the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The index measures the performance of the oil and gas exploration and production sub-industry determined based on the GICS. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index which provide returns consistent with the objective. It is non-diversified.