Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP)

NYSEARCA: DRIP · Real-Time Price · USD
11.46
+0.18 (1.60%)
Oct 31, 2024, 4:00 PM EDT - Market closed
1.60%
Assets $40.40M
Expense Ratio 1.09%
PE Ratio n/a
Shares Out 3.51M
Dividend (ttm) $0.53
Dividend Yield 4.64%
Ex-Dividend Date Sep 24, 2024
Payout Ratio n/a
1-Year Return +8.01%
Volume 3,562,142
Open 11.12
Previous Close 11.28
Day's Range 10.99 - 11.49
52-Week Low 7.87
52-Week High 13.20
Beta -2.87
Holdings 8
Inception Date May 28, 2015

About DRIP

Fund Home Page

The Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP) is an exchange-traded fund that mostly invests in energy equity. The fund provides 2x inverse daily exposure to an equal-weighted index of the largest oil and gas exploration and production companies in the US. DRIP was launched on May 28, 2015 and is issued by Direxion.

Asset Class Equity
Category Trading--Inverse Equity
Region North America
Stock Exchange NYSEARCA
Ticker Symbol DRIP
ETF Provider Direxion
Index Tracked S&P Oil & Gas Exploration & Production Select Industry

Dividends

Ex-Dividend Amount Pay Date
Sep 24, 2024 $0.12411 Oct 1, 2024
Jun 25, 2024 $0.14267 Jul 2, 2024
Mar 19, 2024 $0.17698 Mar 26, 2024
Dec 21, 2023 $0.08906 Dec 29, 2023
Sep 19, 2023 $0.09266 Sep 26, 2023
Jun 21, 2023 $0.12248 Jun 28, 2023
Full Dividend History

News

Opportunity Today Is In Energy, Especially Oil And Gas - Chris DeMuth Jr.

Chris DeMuth Jr. discusses his investment strategy for 2023 and the current state of the market. He expresses his preference for the energy sector, particularly oil and gas, due to mispriced equities ...

10 months ago - Seeking Alpha

Oil And Gas Stocks Tank With Record Supply Fueling Sector Sell Off: This Inverse ETF (DRIP) Offers A 200% Return - Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (ARCA:DRIP)

Direxion Daily S&P Oil & Gas Exp & Prod Bear 2X Shares DRIP was rising about 4.5% Tuesday after data released by the Bureau of Labor Statistics showed the Consumer Price Index (CPI) eased to an annual...

11 months ago - Benzinga

The Effect Of Technical Analysis On ETF Investing

I explain the methodology for choosing which ETFs to invest in, using a combination of technical and fundamental analysis to identify the best sectors and trends. I suggest that ETFs are not less than...

Other symbols: ERXERYGUSHNAILWANTXLC
1 year ago - Seeking Alpha

MDA Breakout Stocks/ETFs Week 13 - March 2023: High-Frequency Gainers To Give You An Edge

Two new Breakout Stocks for Week 13 with better than 10% short-term upside and a Dow 30 Pick. Average cumulative returns for 2023 are +47.4% YTD. The Momentum Gauges® continue negative in bear funds f...

1 year ago - Seeking Alpha

MDA Breakout Stocks/ETFs Week 12 - March 2023: High-Frequency Gainers To Give You An Edge

Two new Breakout Stocks for Week 12 with better than 10% short-term upside with ETFs and a Dow 30 Pick. Average cumulative returns for 2023 are +37.3% YTD. The Momentum Gauges® continue negative in be...

1 year ago - Seeking Alpha

Looking To Trade The Oil And Gas Sector To The Downside? This 2X Leveraged ETF Formed This Pattern

The Direxion Daily S&P Oil & Gas Exp & Prod Bear 2X Shares DRIP declined about 5% Friday after Russian Deputy Prime Minister Alexander Novak told state-owned news channel Rossiya-24 that Russia could ...

2 years ago - Benzinga

DRIP: A Narrow Window Of Opportunity

DRIP is an ETF for oil bears or those who want to profit from a fall in the stocks of companies that extract oil and natural gas. To trade such a leveraged tool, it is important to be knowledgeable ab...

2 years ago - Seeking Alpha

DRIP: Risky Energy ETF May Provide Outsized Gains Soon

DRIP is a risky, double-short oil and gas ETF. Its long-term performance of DRIP has been awful, but there are times when it has provided outsized gains.

2 years ago - Seeking Alpha

Week 27 MDA Breakout Stocks - July 2022: Short-Term Picks To Give You An Edge

Two new Breakout Stocks for Week 27 with better than 10% short-term upside potential and a Dow 30 Pick. Average cumulative returns now down to +85.6% YTD.

2 years ago - Seeking Alpha

DRIP: A Very High Risk Double Oil Short

DRIP is a double-short oil ETF. But its Index does not match 2X returns of the nearby NYMEX futures contract nor SCO, another double-short ETF.

2 years ago - Seeking Alpha

Direxion Announces Reverse Splits of Two ETFs: DRIP & SOXS

NEW YORK, Feb. 18, 2022 /PRNewswire/ -- Direxion has announced it will execute a reverse split of the issued and outstanding shares of the Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (Tic...

Other symbols: SOXS
2 years ago - PRNewsWire

DRIP - A Day Trading Tool With A 40% Monthly Return

DRIP is an ETF that seeks daily investment results of 200% of the inverse of the performance of the S&P Oil & Gas Exploration & Production Select Industry Index.

3 years ago - Seeking Alpha

'Dangerous Divergences'

In the latest World Economic Outlook Report, the IMF said "the dangerous divergence in economic prospects across countries remains a major concern". While the IMF focused on the "vaccine divide" betwe...

3 years ago - Seeking Alpha

Week 29 MDA Breakout Stocks - July 2021: Short-Term Stocks And Funds To Give You An Edge

Two new sample breakout stocks for Week 29 with better than 10% short-term upside potential. New ETF/ETN forecast section has been added. This past week the peak gains were in ATOS +26.6% and FUV +5.8...

3 years ago - Seeking Alpha

Bearish Energy ETF Could Growl This Month

It's often risky betting against momentum and, for once, the energy sector appears to have some. Just look at the Energy Select Sector SPDR (NYSEARCA: XLE).

4 years ago - Benzinga

Energy And Power: Oil ETFs Provide Hints At The Global Energy Market's Troubles

The good news for oil investors is that the price of a barrel of oil has stabilized around the $35-$40 area, a far cry from the brief foray into negative territory in April.  The bad news, well, every...

Other symbols: ERY
4 years ago - Benzinga

Oil prices edge up on stimulus support despite ample supplies

Oil prices nudged up on Monday, with Brent futures set to post a fifth straight monthly gain, as global stimulus measures underpin prices even as demand struggles to return to pre-COVID levels in a we...

4 years ago - Reuters

Oil Bear ETFs Dig Claws in at Chart Support

Here's why energy stocks may come under pressure in the month ahead. Trade a pullback with these three inverse ETFs.

Other symbols: DUGERY
4 years ago - Investopedia

Why It Might Be Time To Consider This Bearish Energy ETF

The energy sector can giveth and taketh away in rapid fashion. For much of this year, it's been the latter, but over the past month the often-volatile S&P Oil & Gas Exploration & Production Select Ind...

4 years ago - Benzinga