DRIP

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

$8.20

+0.00%

Market closed. Last update: 10:58 PM ET

📎 Investment Objective

The Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP) seeks to provide 2x the inverse (or opposite) of the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index.

Overview

ETF tracking Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares

Category Energy

Issuer Other

Inception Date 2015-05-28

Market Cap $43.9M

Average Volume N/A

Dividend Yield 3.18%

52-Week Range $7.97 - $16.47

VWAP $8.32

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

DRIP uses derivatives and leveraged investment techniques to achieve its 2x inverse exposure to the target index. The fund does not invest directly in the stocks of the index, but rather uses swaps, futures, and other financial instruments to provide the desired leveraged exposure.

✨ Key Features

Provides 2x inverse (or -2x) daily exposure to the S&P Oil & Gas Exploration & Production Select Industry Index
Utilizes derivatives and leveraged investment strategies to achieve its objective
Designed for short-term, speculative trading rather than long-term buy-and-hold investing
Has very low assets under management and has not been trading long enough to establish a meaningful performance history

⚠️ Primary Risks

Significant risk of loss due to the leveraged and inverse nature of the fund's strategy
Potential for large daily losses that can compound over time, especially in volatile markets
Tracking error risk as the fund may not perfectly match the -2x daily performance of the underlying index
Liquidity risk due to the low trading volume and assets in the fund

👤 Best For

DRIP is a highly speculative and risky investment product that is only suitable for experienced, sophisticated traders with a very short-term investment horizon and a high risk tolerance. It is not recommended for long-term buy-and-hold investors or those with a low risk appetite.