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

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.

Key Stats

• Today's Range: $9.25 to $9.91
• 50-Day Range: $8.68 to $10.38
• 52-Week Range: $8.48 to $17.48
• Volume: 3.06 million shs
• Average Volume: 2.43 million shs
• Market Capitalization: $46.23 million
• Assets Under Management: $44.91 million
• Dividend Yield: 3.43%
• Net Expense Ratio: 1.03%
• Aggregate Rating: N/A

DRIP ETF - Frequently Asked Questions

How have DRIP shares performed this year?

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares' stock was trading at $10.90 at the start of the year. Since then, DRIP stock has decreased by 14.5% and is now trading at $9.32.

When did Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares' stock split?

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares's stock reverse split 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 closing bell 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.

Who are Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares' major shareholders?

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares' top institutional shareholders include Two Sigma Securities LLC (1.31%), Tower Research Capital LLC TRC (1.10%), Group One Trading LLC (0.10%) and Simplex Trading LLC (0.06%).

How do I buy shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares?

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.

What other stocks do shareholders of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares own?

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
• Stock Exchange: NYSEARCA
• 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: 23

Fund Statistics

• Assets Under Management: $44.91 million
• Average Daily Volume: $2.03 million
• Discount/Premium: -0.01%
• 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: 90
• Put Options: 1
• Call Options: 89
• Short Interest: 263,600 shs

Miscellaneous

• Outstanding Shares: 4,960,000
• Beta: -3.83
• Creation Unit: 50,000
• Creation Fee: $250.00