Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP)Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
35.80 USD
-0.12
(-0.334%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 35.80 |
Hot Take ↕ | Aug. 22, 2026, 4:52 a.m. EDT
This instrument is a high-risk leveraged inverse ETF designed to profit from falling oil prices, making it fundamentally unsuitable for long-term holding due to the compounding drag of leverage and volatility decay. The underlying asset has suffered a catastrophic 99% decline over the last nine years, with the most recent annual performance showing another drop, confirming a persistent structural downtrend rather than a temporary correction. Although the stock currently offers a nominal yield of nearly 4%, this payout is misleading; the dividend history reveals erratic and declining distributions that are likely eroding shareholder value rather than providing sustainable income. Short-term momentum remains bearish, with the price trading significantly below its 50-day and 200-day averages and recent weekly action showing continued weakness. Options activity reinforces this bearish sentiment, with traders placing heavy bets on further downside moves. Consequently, this security warrants avoidance for long-term investors and should only be considered by experienced traders as a tactical, short-term contrarian play on a specific commodity downturn. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.108569 |
| AutoARIMA | 0.108591 |
| MSTL | 0.111968 |
| AutoETS | 0.114641 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 39% |
| H-stat | 1.84 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.201 |
| Excess Kurtosis | -1.29 |
As of Aug. 22, 2026, 4:52 a.m. EDT: Speculators are heavily positioned for a continued decline, evidenced by massive open interest in deep out-of-the-money puts (strikes at 4 and 5) relative to calls. While there is some volume in near-term calls around the current price, the overwhelming capital allocation is in downside protection and speculative bets on further drops, particularly for the September and December expirations.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.70% | 2.42% | 3.56% | 2.65% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-23 | 0.370000 | 0.700758 |
| 2026-03-24 | 0.280000 | 0.663507 |
| 2025-12-23 | 0.310000 | 0.345982 |
| 2025-09-23 | 0.600000 | 0.710900 |
| 2025-06-24 | 0.560000 | 0.593849 |
| 2025-03-25 | 1.110000 | 1.062201 |
| 2024-12-23 | 0.340000 | 0.286678 |
| 2024-09-24 | 1.240000 | 1.134492 |
| 2024-06-25 | 1.430000 | 1.518047 |
| 2024-03-19 | 1.770000 | 1.926006 |
| 2023-12-21 | 0.890000 | 0.808356 |
| 2023-09-19 | 0.930000 | 0.921705 |
| 2023-06-21 | 1.220000 | 0.851361 |
| 2023-03-21 | 2.700000 | 1.732991 |
| 2020-12-22 | 0.300000 | 0.010703 |
| 2019-12-23 | 2.666667 | 0.057184 |
| 2019-09-24 | 26.833332 | 0.449658 |
| 2019-03-19 | 15.000000 | 0.343511 |
| 2018-12-27 | 25.000000 | 0.352734 |
| 2018-09-25 | 6.666667 | 0.300188 |
| 2018-06-19 | 2.916667 | 0.105263 |
| 2018-03-20 | 7.916667 | 0.136986 |
| Attribute | Value |
|---|---|
| All Time High | 100,484.375 |
| All Time Low | 10.32 |
| Ask | 36.11 |
| Ask Size | 400 |
| Average Daily Volume10 Day | 702,740 |
| Average Daily Volume3 Month | 2,015,070 |
| Average Volume | 2,015,070 |
| Average Volume10Days | 702,740 |
| Beta3 Year | 0.05 |
| Bid | 35.75 |
| Bid Size | 400 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 36.305 |
| Day Low | 35.25 |
| Dividend Yield | 3.92 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 44.1822 |
| Fifty Day Average Change | -8.382202 |
| Fifty Day Average Change Percent | -0.18971898 |
| Fifty Two Week Change Percent | -57.882355 |
| Fifty Two Week High | 99.0 |
| Fifty Two Week High Change | -63.2 |
| Fifty Two Week High Change Percent | -0.63838387 |
| Fifty Two Week Low | 33.76 |
| Fifty Two Week Low Change | 2.040001 |
| Fifty Two Week Low Change Percent | 0.06042657 |
| Fifty Two Week Range | 33.76 - 99.0 |
| First Trade Date Milliseconds | 1,432,906,200,000 |
| Five Year Average Return | -0.4567442 |
| Full Exchange Name | NYSEArca |
| Fullday Change | -0.119999 |
| Fullday Change Percent | -0.334073 |
| Fullday Price | 35.8 |
| Fund Family | Direxion Funds |
| Fund Inception Date | 1,432,771,200 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The index measures the performance of the domestic companies included in the integrated oil and gas, oil and gas exploration and production and oil and gas refining and marketing sub-industries as classified by the GICS. The fund invests at least 80% of its net assets in financial instruments, that, in combination, provide 2X daily inverse (opposite) or short exposure to the index or to ETFs that track the index, consistent with the fund’s investment objective. It is non-diversified. |
| Long Name | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_295054280 |
| Nav Price | 35.922 |
| Net Assets | 100,306,040.0 |
| Net Expense Ratio | 1.01 |
| Open | 35.9 |
| Phone | 866-476-7523 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 35.8 |
| Post Market Time | 1,787,961,578 |
| Previous Close | 35.92 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.119999 |
| Regular Market Change Percent | -0.334073 |
| Regular Market Day High | 36.305 |
| Regular Market Day Low | 35.25 |
| Regular Market Day Range | 35.25 - 36.305 |
| Regular Market Open | 35.9 |
| Regular Market Previous Close | 35.92 |
| Regular Market Price | 35.8 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 610,345 |
| Short Name | Direxion Daily S&P Oil & Gas Ex |
| Source Interval | 15 |
| Symbol | DRIP |
| Three Year Average Return | -0.2754584 |
| Total Assets | 100,306,040 |
| Tradeable | 0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -4.48119 |
| Trailing Three Month Returns | -4.48119 |
| Triggerable | 1 |
| Two Hundred Day Average | 58.38655 |
| Two Hundred Day Average Change | -22.586552 |
| Two Hundred Day Average Change Percent | -0.3868451 |
| Type Disp | ETF |
| Volume | 610,345 |
| Yield | 0.0392 |
| Ytd Return | -55.32771 |