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

NYSEARCA: DRIP · IEX Real-Time Price · USD
8.87
+0.15 (1.72%)
Apr 17, 2024, 4:00 PM EDT - Market closed
1.72%
Assets $54.67M
Expense Ratio 1.09%
PE Ratio n/a
Shares Out 6.36M
Dividend (ttm) $0.48
Dividend Yield 5.43%
Ex-Dividend Date Mar 19, 2024
Payout Ratio n/a
1-Year Return -34.44%
Volume 1,566,851
Open 8.72
Previous Close 8.72
Day's Range 8.59 - 8.95
52-Week Low 7.87
52-Week High 17.36
Beta -1.47
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
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
Mar 21, 2023 $0.2701 Mar 28, 2023
Dec 22, 2020 $0.0277 Dec 30, 2020
Full Dividend History

News

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...

4 months ago - Benzinga

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 ...

1 year ago - Benzinga

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

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).

3 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
3 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...

3 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

Bull and bear oil ETFs decline Tuesday

An exchange-traded fund that takes a bullish bet on the energy sector tumbled 15% on Tuesday, extending its 12-month losses to 99%.

Other symbols: GUSH
4 years ago - Market Watch

Amid Oil Rout, Traders Took Profits in Popular Bear ETF

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

4 years ago - Benzinga

3 Bearish Oil ETFs To Consider Amid Crude's Violent Tumble

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 — ...

4 years ago - Benzinga

The Bears Have Energy, But How High Can Coronavirus Fuel These Inverse ETFs?

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 ...

Other symbols: APADVNERYSLBXOM
4 years ago - Benzinga

3 Leveraged ETFs For Sinking Energy Stocks

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 symbols: ERY
4 years ago - Benzinga

Iran Drama Threw A Curveball At Traders Using These ETFs

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.

Other symbols: GUSH
4 years ago - Benzinga

Traders Like This Oil ETF—That's Not Good For E&P Stocks

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

Other symbols: GUSH
5 years ago - Benzinga

Inverse Energy ETFs Soar Amid Global Slowdown Fears

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

Other symbols: DUGERY
5 years ago - Investopedia

Epic Earnings Tests Loom For These Leveraged ETFs

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 I...

Other symbols: GUSH
5 years ago - Benzinga

Some Traders Are Preparing For An Energy Pullback

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

5 years ago - Benzinga