NYSEARCA:DRIP

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

$8.44
0.00 (0.00%)
(As of 04/26/2024 ET)
Today's Range
$8.42
$8.67
50-Day Range
$8.03
$11.43
52-Week Range
$7.86
$17.36
Volume
981,142 shs
Average Volume
1.50 million shs
Market Capitalization
$54.52 million
Assets Under Management
$53.33 million
Dividend Yield
5.79%
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

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Direxion Daily S&P 500® Bull 2X Shares (SPUU)
How a $0.25 cent option contract makes my top traders feel
If you don’t know me, I’ve been in the markets for over 40 years… but recently, I’ve discovered a breakthrough that might be my favorite strategy of ALL time! While I kept the finer details of these $0.25 Cent Trades under wraps until recently…
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
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
10

Fund Statistics

Assets Under Management
$53.33 million
Average Daily Volume
$1.42 million
Discount/Premium
-0.02%
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
75
Put Options
32
Call Options
43
Short Interest
346,000 shs

Miscellaneous

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

TypeDRIPEnergy ETFsEquity ETFsNYSEARCA ETFsAll ETFs
Management Fee0.75%0.61%0.54%0.50%0.51%
Other Expenses0.25%0.25%0.54%0.64%0.58%
Total Expense1.00%0.69%0.70%0.74%0.70%
Fee Waiver0.00%-0.20%-0.55%-0.68%-0.57%
Net Expense1.00%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%

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 shares have decreased by 25.2% and is now trading at $8.44.
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 $53.33 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 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 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 4/27/2024 by MarketBeat.com Staff

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