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 start of the year. Since then, DRIP shares have decreased by 21.5% and is now trading at $8.86. 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 $56.10 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?

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares's stock reverse split on the morning of 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.

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

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 .

NYSEARCA:DRIP

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

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$8.86

-0.17 (-1.88%)

(As of 04/19/2024 ET)

Compare

Today's Range: $8.71
▼
$9.09
50-Day Range: $8.03
▼
$12.05
52-Week Range: $7.86
▼
$17.36

Volume: 1.89 million shs
Average Volume: 1.52 million shs
Market Capitalization: $57.24 million

Assets Under Management: $56.10 million
Dividend Yield: 5.79%
Net Expense Ratio: 1.00%

Stock Analysis Chart Holdings Ownership

Get Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares alerts:

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

30 days | 90 days | 365 days | Advanced Chart

DRIP ETF News Headlines

January 31, 2024 | finance.yahoo.com

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

December 20, 2023 | nasdaq.com

Falling Gas Prices Could Provide Upside for This Inverse ETF

April 19, 2024 | Behind the Markets (Ad)

Tiny Biotech Stock Wins $75 Billion Patent

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October 16, 2023 | benzinga.com

Oil Prices Rise As Concerns Over Supply Grow Amid Middle East Unrest: This Fund Offers 2X Leverage To Play The Sector Bullishly

October 10, 2023 | markets.businessinsider.com

Oil Stocks Rise As Israel-Hamas Conflict Intensifies, Analysts See Supply Constraints: This ETF Offers 2X Leverage

June 22, 2023 | msn.com

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares declares quarterly distribution of $0.9324

March 18, 2023 | investing.com

Direxion Daily S&P 500® Bull 2X Shares (SPUU)

October 16, 2022 | finance.yahoo.com

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

April 19, 2024 | Behind the Markets (Ad)

Tiny Biotech Stock Wins $75 Billion Patent

September 6, 2022 | marketwatch.com

Oil & Gas Drones Market Size, Growth 2022 Global Industry Revenue, Business Demand and Applications Market Research Report to 2029

See More Headlines

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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
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: 21

Fund Statistics

Assets Under Management: $56.10 million
Average Daily Volume: $1.40 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: 188
Put Options: 76
Call Options: 112
Short Interest: 384,800 shs

Miscellaneous

Outstanding Shares: 6,460,000
Beta: -1.45
Creation Unit: 50,000
Creation Fee: $250.00

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

Type	DRIP	Energy ETFs	Equity ETFs	NYSEARCA ETFs	All ETFs
Management Fee	0.75%	0.61%	0.54%	0.50%	0.51%
Other Expenses	0.25%	0.25%	0.54%	0.64%	0.58%
Total Expense	1.00%	0.69%	0.70%	0.74%	0.70%
Fee Waiver	0.00%	-0.20%	-0.55%	-0.68%	-0.57%
Net Expense	1.00%	0.71%	0.60%	0.58%	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: 68.45%
GOLDMAN FINL SQ TRSRY INST 506
Holding Weight: 36.02%
DREYFUS TRSRY SECURITIES CASH MGMT
Holding Weight: 16.59%
S&P OIL & GAS EXPLOR AND PROD SELECT INDEX SWAP
Holding Weight: -27.67%
S&P OIL & GAS EXPLOR AND PROD SELECT INDEX SWAP
Holding Weight: -28.81%
S&P OIL & GAS EXPLOR AND PROD SELECT INDEX SWAP
Holding Weight: -44.83%
S&P O&G Exp Prod Sel Ind Index SWAP
Holding Weight: -46.98%
S&P OIL & GAS EXPLOR AND PROD SELECT INDEX SWAP
Holding Weight: -51.71%

Full Holdings Details

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Institutional Ownership

View All Institutional Transactions

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 start of the year. Since then, DRIP shares have decreased by 21.5% and is now trading at $8.86.
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 $56.10 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?: Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares's stock reverse split on the morning of 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.

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
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 4/19/2024 by MarketBeat.com Staff

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