Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP)
| Assets | $54.06M |
| Expense Ratio | 1.09% |
| PE Ratio | n/a |
| Shares Out | 6.21M |
| Dividend (ttm) | $0.48 |
| Dividend Yield | 5.65% |
| Ex-Dividend Date | Mar 19, 2024 |
| Payout Ratio | n/a |
| 1-Year Return | -39.09% |
| Volume | 974,289 |
| Open | 8.62 |
| Previous Close | 8.61 |
| Day's Range | 8.50 - 8.75 |
| 52-Week Low | 7.87 |
| 52-Week High | 17.36 |
| Beta | -1.38 |
| Holdings | 8 |
| Inception Date | May 28, 2015 |
About DRIP
Fund Home PageThe 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.
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 |
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...
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 ...
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...
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).
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...
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...
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.
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...
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%.
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.
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 — ...
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 ...
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.
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.
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.
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.
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...
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.