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NYSEARCA:DRIP

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares (DRIP) Price, Holdings, & News

$8.96 -0.28 (-3.03%)
(As of 02:58 PM ET)

About Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares (NYSEARCA:DRIP)

Key Stats

Today's Range
$8.86
$9.09
50-Day Range
$9.24
$12.47
52-Week Range
$7.86
$13.19
Volume
3.77 million shs
Average Volume
1.88 million shs
Market Capitalization
$56.54 million
Assets Under Management
$37.00 million
Dividend Yield
5.32%
Net Expense Ratio
1.09%
Aggregate Rating
N/A

ETF Overview

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 managed by Direxion.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares Expenses

TypeDRIPEnergy ETFsEquity ETFsNYSEARCA ETFsAll ETFs
Management Fee0.75%0.66%0.55%0.51%0.52%
Other Expenses0.37%0.29%0.49%0.57%0.53%
Total Expense1.12%0.76%0.71%0.73%0.71%
Fee Waiver-0.03%-0.15%-0.52%-0.67%-0.57%
Net Expense1.09%0.76%0.61%0.58%0.59%
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DRIP ETF News Headlines

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DRIP ETF - Frequently Asked Questions

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares' stock was trading at $11.29 at the beginning of 2024. Since then, DRIP stock has decreased by 21.2% and is now trading at $8.90.
View the best growth stocks for 2024 here
.

Shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares reverse split before market open on Monday, February 28th 2022. The 1-10 reverse split was announced on Monday, February 28th 2022. The number of shares owned by shareholders was adjusted after the market closes on Monday, February 28th 2022. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

Top institutional investors of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares include Jane Street Group LLC.

Shares of DRIP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares investors own include Tesla (TSLA), Meta Platforms (META), Advanced Micro Devices (AMD), NVIDIA (NVDA), Walt Disney (DIS), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH) and Broadcom (AVGO).

Fund Details

Issuer
Direxion
Fund Name
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares
Tax Classification
Regulated Investment Company
Current Symbol
NYSEARCA:DRIP
Inception Date
5/28/2015
Fund Manager
Paul Brigandi, Tony Ng
Web
N/A
Phone
N/A

Fund Focus

Asset Class
Equity
Benchmark
S&P Oil & Gas Exploration & Production Select Industry Index
Category
Sector
Focus
Energy
Development Level
Developed Markets
Region
North America
Number of Holdings
24

Fund Statistics

Assets Under Management
$38.27 million
Average Daily Volume
$3.86 million
Discount/Premium
0.00%
Leveraged
-2.00

Administrator, Advisor and Custodian

Administrator
U.S. Bancorp Fund Services, LLC
Advisor
Rafferty Asset Management, LLC
Custodian
The Bank of New York Mellon Corporation
Distributor
Foreside Fund Services, LLC
Transfer Agent
The Bank of New York Mellon Corporation
Trustee
N/A
Lead Market Maker
Susquehanna

Options

Optionable
Optionable
Options Volume
176
Put Options
2
Call Options
174
Short Interest
267,300 shs

Miscellaneous

Beta
-1.45
Creation Unit
50,000
Creation Fee
$250.00
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Top 8 DRIP Holdings

  • DREYFUS GOVT CASH MAN INS
    Holding Weight: 65.94%
  • GOLDMAN FINL SQ TRSRY INST 506
    Holding Weight: 30.23%
  • DREYFUS TRSRY SECURITIES CASH MGMT
    Holding Weight: 5.64%
  • S&P OIL & GAS EXPLOR AND PROD SELECT INDEX SWAP
    Holding Weight: -24.89%
  • S&P OIL & GAS EXPLOR AND PROD SELECT INDEX SWAP
    Holding Weight: -25.56%
  • S&P O&G Exp Prod Sel Ind Index SWAP
    Holding Weight: -28.18%
  • S&P OIL & GAS EXPLOR AND PROD SELECT INDEX SWAP
    Holding Weight: -55.17%
  • S&P OIL & GAS EXPLOR AND PROD SELECT INDEX SWAP
    Holding Weight: -66.19%

This page (NYSEARCA:DRIP) was last updated on 11/21/2024 by MarketBeat.com Staff
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