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DOW   39,131.53
QQQ   436.78
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Laser breakthrough could send stock soaring 2,467% (Ad)
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Warner Bros. Discover: Debt down, profits up, yet questions remain
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move (Ad)
Stock market today: Wall Street clings to modest gains and marks another winning week
Dropbox’s stock is a falling knife worth catching
Laser breakthrough could send stock soaring 2,467% (Ad)
Novavax’s dispute resolution and upcoming earnings call
Stock ideas from the 2024 Microcap Conference
Laser breakthrough could send stock soaring 2,467% (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Warner Bros. Discover: Debt down, profits up, yet questions remain
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move (Ad)
Stock market today: Wall Street clings to modest gains and marks another winning week
Dropbox’s stock is a falling knife worth catching
Laser breakthrough could send stock soaring 2,467% (Ad)
Novavax’s dispute resolution and upcoming earnings call
Stock ideas from the 2024 Microcap Conference
Laser breakthrough could send stock soaring 2,467% (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Warner Bros. Discover: Debt down, profits up, yet questions remain
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move (Ad)
Stock market today: Wall Street clings to modest gains and marks another winning week
Dropbox’s stock is a falling knife worth catching
Laser breakthrough could send stock soaring 2,467% (Ad)
Novavax’s dispute resolution and upcoming earnings call
Stock ideas from the 2024 Microcap Conference
Laser breakthrough could send stock soaring 2,467% (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Warner Bros. Discover: Debt down, profits up, yet questions remain
NYSEARCA:DRIP

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

$10.96
+0.11 (+1.01%)
(As of 02/23/2024 ET)
Today's Range
$10.88
$11.29
50-Day Range
$10.61
$12.88
52-Week Range
$9.15
$19.05
Volume
1.68 million shs
Average Volume
1.64 million shs
Market Capitalization
$76.28 million
Assets Under Management
$47.81 million
Dividend Yield
3.46%
Net Expense Ratio
1.00%

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

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.

DRIP Stock Price History

DRIP ETF News Headlines

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Direxion Daily S&P 500® Bull 2X Shares (SPUU)
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
See More Headlines
Receive DRIP Stock News and Ratings via Email

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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
22

Fund Statistics

Assets Under Management
$47.81 million
Average Daily Volume
$180,694.70
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
302
Put Options
19
Call Options
283
Short Interest
133,600 shs

Miscellaneous

Beta
-3.83
Creation Unit
50,000
Creation Fee
$250.00
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Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares Expenses

TypeDRIPEnergy ETFsEquity ETFsNYSEARCA ETFsAll ETFs
Management Fee0.75%0.61%0.54%0.50%0.51%
Other Expenses0.25%0.25%0.55%0.64%0.58%
Total Expense1.00%0.69%0.70%0.74%0.70%
Fee Waiver0.00%-0.20%-0.55%-0.69%-0.57%
Net Expense1.00%0.71%0.60%0.57%0.58%

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

Top 8 DRIP Holdings

  • DREYFUS GOVT CASH MAN INS
    Holding Weight: 62.12%
  • GOLDMAN FINL SQ TRSRY INST 506
    Holding Weight: 31.92%
  • DREYFUS TRSRY SECURITIES CASH MGMT
    Holding Weight: 16.93%
  • S&P OIL & GAS EXPLOR AND PROD SELECT INDEX SWAP
    Holding Weight: -18.32%
  • S&P OIL & GAS EXPLOR AND PROD SELECT INDEX SWAP
    Holding Weight: -34.94%
  • S&P OIL & GAS EXPLOR AND PROD SELECT INDEX SWAP
    Holding Weight: -36.00%
  • S&P OIL & GAS EXPLOR AND PROD SELECT INDEX SWAP
    Holding Weight: -38.72%
  • S&P O&G Exp Prod Sel Ind Index SWAP
    Holding Weight: -72.01%














DRIP ETF - Frequently Asked Questions

How have DRIP shares performed in 2024?

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 2.9% and is now trading at $10.96.
View the best growth stocks for 2024 here
.

What does DRIP invest in?

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares is a equity fund issued by Direxion. DRIP focuses on energy investments and follows the S&P Oil & Gas Exploration & Production Select Industry Index. The fund's investments total to approximately $47.81 million assets under management.

What is the management fee for Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares?

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares' management fee is 0.75% and has other expenses of 0.25%. The net expense ratio for DRIP is 1.00%.

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

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

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 companies that other Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares investors own include Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH), Amarin (AMRN), Broadcom (AVGO), Direxion Daily Junior Gold Miners Index Bull 2X Shares (JNUG), NVIDIA (NVDA), Verizon Communications (VZ), Micron Technology (MU), Tesla (TSLA), Advanced Micro Devices (AMD) and

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' stock is owned by many different institutional and retail investors. Top institutional investors include Citadel Advisors LLC (0.00%), GTS Securities LLC (0.18%), Tower Research Capital LLC TRC (0.16%), Cutler Group LLC CA (0.00%) and Wolverine Trading LLC (0.00%).

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.
Compare Top Brokerages Here.

This page (NYSEARCA:DRIP) was last updated on 2/24/2024 by MarketBeat.com Staff