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

Stock Price: $12.30 USD 0.37 (3.10%)
Updated Apr 16, 2021 4:00 PM EDT - Market closed
Assets $57.77M
NAV $11.92
Expense Ratio 1.07%
PE Ratio n/a
Beta (5Y) -5.29
Dividend (ttm) n/a
Dividend Yield 0.03%
Ex-Dividend Date Dec 22, 2020
1-Year Return -
Trading Day April 16
Last Price $12.30
Previous Close $11.93
Change ($) 0.37
Change (%) 3.10%
Day's Open 11.78
Day's Range 11.74 - 12.38
Day's Volume 2,169,681
52-Week Range 9.36 - 138.59

Fund Description

The investment seeks daily investment results, of 200% of the inverse (or opposite) of the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). The index is designed to measure the performance of a sub-industry or group of sub-industries determined based on the Global Industry Classification Standards (GICS). The fund is non-diversified.

Asset Class
Portfolio-Multi Asset
Sector
Natural Resources
Region
North America
Inception Date
May 28, 2015
Exchange
NYSEARCA
Ticker Symbol
DRIP
Index Tracked
S&P Oil & Gas Exploration & Production Select Industry Index

Dividends

Ex-DividendAmountPay Date
Dec 22, 2020$0.003Dec 30, 2020
Dec 23, 2019$0.325Dec 31, 2019
Sep 24, 2019$0.322Oct 1, 2019
Mar 19, 2019$0.18Mar 26, 2019
Dec 27, 2018$0.06Jan 4, 2019
Sep 25, 2018$0.016Oct 2, 2018
Full Dividend History

News

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The last week was extremely upbeat for Wall Street with the S&P 500 and the Dow Jones at record highs.

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5 days ago - Zacks Investment Research

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 months ago - Benzinga

Oil traders have been surfing a wave of volatility this year. Whether they were on the wrong or right side of the trade is another story.

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4 months ago - ETF Trends

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, everyth...

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5 months ago - Benzinga

Wall Street crashed last week on renewed virus fear, election uncertainty and subdued tech earnings.

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5 months ago - Zacks Investment Research

U.S. President Donald Trump’s diagnosis of the coronavirus did no favors for oil prices, which have been languishing after they rebounded from April’s dive into negative territory. Additionally, more he...

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6 months ago - ETF Trends

The month of September has been brutal for the U.S. stock market with the S&P 500 Index on track for its sharpest decline in September since 2002.

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6 months ago - Zacks Investment Research

It’s been a rough and tumble year for oil after it dropped to negative prices back in April, but managed to come out of the depths of this negative price territory and climb back, giving bullish oil tra...

Other tickers mentioned: GUSH
6 months ago - ETF Trends

Last week was extremely volatile for Wall Street with the S&P 500, the Dow Jones and the Nasdaq losing about 2.5%, 1.7% and 4.1%, respectively.

Other tickers mentioned: DUG, FNGD, HIBS, SQQQ
7 months ago - Zacks Investment Research

Oil prices have bounced since April’s memorable sell-off, but a recent CNBC report noted that Russian energy minister Alexander Novak is forecasting a modest recovery next year. The bleak picture for oi...

Other tickers mentioned: GUSH
7 months ago - ETF Trends

The normal forces of supply and demand for oil won’t have as much of an effect on prices compared to movements in the dollar, according to one market expert. Oil prices have recovered since their untime...

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7 months ago - ETF Trends

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 well...

Other tickers mentioned: BNO, DBO, FILL, GUSH, IEO, IEZ, OIH ...
7 months ago - Reuters

Whether you’re a bull or a bear, the oil market should keep traders happy as a push-pull dichotomy exists when it comes to the latest flood of news from that corner of the energy sector. On one hand, oi...

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8 months ago - ETF Trends

Oil traders remember all too well when oil prices reached negative territory following the coronavirus sell-offs in March, which gave way to a serendipitous drop in oil prices to under $0 a month later....

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9 months ago - ETF Trends

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

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10 months ago - Investopedia

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 Indus...

11 months ago - Benzinga

While oil stocks rallied alongside the broader market on Friday, the energy sector could continue to be depressed on a falling demand outlook.

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1 year ago - ETF Trends

The coronavirus pandemic has resulted in strong demand for inverse or inverse leveraged ETFs as investors can seek higher returns in a short time span.

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1 year ago - Zacks Investment Research

The oil market could face one of the largest supply overhangs in modern oil market history in April. This indicates that the worst might not be over yet.

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1 year ago - Zacks Investment Research

Oil prices fell below $30 a barrel during Monday’s raucous trading session as crude followed the Dow Jones Industrial Average downward.

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1 year ago - ETF Trends

Investors rushed to leveraged or inverse leveraged ETFs to increase returns on quick market turns in a short span.

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1 year ago - Zacks Investment Research

On Monday, oil prices endured the worst single-day drubbing since 1991 during the Gulf War.

1 year ago - Benzinga

At one point Sunday, oil futures were trading lower by as much as 30% after the Organization of Petroleum Exporting Countries failed to reach an agreement with some previously cooperating countries — na...

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1 year ago - Benzinga

We have highlighted seven leveraged inverse ETFs that have piled up handsome gains in February though these involve a great deal of risk when compared to traditional products.

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1 year ago - Zacks Investment Research

Despite encouraging signs late in 2019 that the energy market might be swept up in the rally that pushed major indexes to new highs, the prices for oil and natural gas have spent the initial weeks of 20...

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1 year ago - Benzinga

The rapidly spreading coronavirus has made investors jittery this week, sending the global market into a tailspin. This has resulted in strong demand for inverse or inverse leveraged ETFs.

Other tickers mentioned: DUG, ERY, FNGD, GASX, HIBS, NRGD, SOXS ...
1 year ago - Zacks Investment Research

Due in large part to the panicked selling caused by the spread of the novel coronavirus, also know as COVID-19, oil prices and energy equities are tumbling.

Other tickers mentioned: ERY, GASX
1 year ago - Benzinga

After scaling new highs to start the year on the initial U.S.-China trade deal, Wall Street is badly shaken by the fast-spreading coronavirus that has led to fears of a worldwide pandemic.

Other tickers mentioned: ERY, GASX, WDRW, YANG
1 year ago - Zacks Investment Research

Gains were fleeting for oil bulls following the U.S. airstrike in Iraq that killed an Iranian general, which saw prices skyrocket before subsequently falling as tensions began to subside.

1 year ago - ETF Trends

In trading, there are definitely times when it's better to be lucky than good. Then there are times when a trader is good, but unlucky.

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1 year ago - Benzinga

The Energy Information Administration on Wednesday reported that U.S. crude supplies fell by 1.1 million barrels for the week ended Dec.

1 year ago - ETF Trends

We have highlighted six leveraged inverse ETFs that are up more than 15% over the past week.

Other tickers mentioned: DUG, ERY, GASX, LABD
1 year ago - Zacks Investment Research

Investors are rushing to leveraged or inverse leveraged ETFs to increase returns on quick market turns in a short span.

Other tickers mentioned: DFEN, GASX, NAIL, NUGT
1 year ago - Zacks Investment Research

Investors are rushing to leveraged or inverse leveraged ETFs to increase returns on quick market turns in a short span.

Other tickers mentioned: GASX, JNUG, TMF, USLV
1 year ago - Zacks Investment Research

The energy patch has been punished this month, particularly the volatile exploration and production stocks.

Other tickers mentioned: GUSH
1 year ago - Benzinga

Wall Street has been witnessing a tough ride this month due to U.S.-China trade conflicts, weak global economic data, low inflation and political unrest in Hong Kong.

Other tickers mentioned: ERY, GASX, WDRW
1 year ago - Zacks Investment Research

Oil prices skidded Wednesday after weak economic data and a surprise build in inventories rattled energy markets.

Other tickers mentioned: DUG, ERY
1 year ago - Investopedia

Amid bearish fundamentals, many investors have turned bearish on the energy sector and are seeking to tap this opportunity. For them, an inverse or leveraged inverse play on energy or oil could be an ex...

Other tickers mentioned: DDG, DUG, ERY, SPY, XLE
1 year ago - Zacks Investment Research

We have highlighted five leveraged inverse ETFs that gained more than 40% in May though these involve a great deal of risk when compared to traditional products.

Other tickers mentioned: FNGD, GASX, SOXS, WDRW
1 year ago - Zacks Investment Research

The hot exploration and production segment of the energy sector gets its first batch of earnings tests this week as just over 24 percent of the S&P Oil & Gas Exploration & Production Select Industry Ind...

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1 year ago - Benzinga

In the first quarter, the energy sector is atoning for its 2018 doldrums and exploration and production stocks are getting in on the act.

2 years ago - Benzinga