Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP)Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
4.63 USD
-0.42
(-8.317%) ⇩
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 5:24 a.m. EDT
This instrument is a leveraged inverse ETF designed to profit from falling oil prices, and the data confirms a brutal, multi-year downtrend that has erased nearly 99.4% of its value over the last nine years. The underlying asset class has suffered five consecutive years of negative annual returns, indicating a persistent structural decline rather than a temporary correction. While the recent price action shows a slight bounce off the lows, the momentum remains deeply bearish, and the statistical forecast offers no directional edge. The 'dividend' is a misleading feature; distributions are being made from a shrinking capital base, effectively accelerating the erosion of shareholder value rather than providing sustainable income. Options flow reinforces this bearish thesis, with traders buying protection at deep discounts while avoiding calls. This is not a buy-and-hold vehicle; it is a tactical tool for betting on a specific energy crash, and holding it long-term is a recipe for total loss. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.078508 |
| AutoETS | 0.079510 |
| AutoARIMA | 0.079511 |
| AutoTheta | 0.100047 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 36% |
| H-stat | 5.42 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.327 |
| Excess Kurtosis | -1.08 |
As of July 11, 2026, 5:24 a.m. EDT: Speculators are positioning for continued downside with heavy put volume at strikes significantly below the current price (e.g., $3.00 and $4.00 expiring in December), while call interest remains concentrated near the money or slightly out-of-the-money. Implied volatility is elevated on puts relative to calls, suggesting a fear of further declines rather than an expectation of a rebound.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.70% | 2.42% | 3.56% | 2.65% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-23 | 0.037000 | 0.700758 |
| 2026-03-24 | 0.028000 | 0.663507 |
| 2025-12-23 | 0.031000 | 0.345982 |
| 2025-09-23 | 0.060000 | 0.710901 |
| 2025-06-24 | 0.056000 | 0.593849 |
| 2025-03-25 | 0.111000 | 1.062201 |
| 2024-12-23 | 0.034000 | 0.286678 |
| 2024-09-24 | 0.124000 | 1.134492 |
| 2024-06-25 | 0.143000 | 1.518047 |
| 2024-03-19 | 0.177000 | 1.926007 |
| 2023-12-21 | 0.089000 | 0.808356 |
| 2023-09-19 | 0.093000 | 0.921705 |
| 2023-06-21 | 0.122000 | 0.851361 |
| 2023-03-21 | 0.270000 | 1.732991 |
| 2020-12-22 | 0.030000 | 0.010703 |
| 2019-12-23 | 0.266667 | 0.057184 |
| 2019-09-24 | 2.683333 | 0.449658 |
| 2019-03-19 | 1.500000 | 0.343511 |
| 2018-12-27 | 2.500000 | 0.352734 |
| 2018-09-25 | 0.666667 | 0.300188 |
| 2018-06-19 | 0.291667 | 0.105263 |
| 2018-03-20 | 0.791667 | 0.136986 |
| Attribute | Value |
|---|---|
| All Time High | 10,048.4375 |
| All Time Low | 3.77 |
| Ask | 0.0 |
| Ask Size | 159,900 |
| Average Daily Volume10 Day | 32,814,790 |
| Average Daily Volume3 Month | 34,456,396 |
| Average Volume | 34,456,396 |
| Average Volume10Days | 32,814,790 |
| Beta3 Year | -0.08 |
| Bid | 4.5 |
| Bid Size | 210,800 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 4.86 |
| Day Low | 4.57 |
| Dividend Yield | 2.91 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 4.7952 |
| Fifty Day Average Change | -0.16519976 |
| Fifty Day Average Change Percent | -0.034451067 |
| Fifty Two Week Change Percent | -43.38565 |
| Fifty Two Week High | 10.422 |
| Fifty Two Week High Change | -5.792 |
| Fifty Two Week High Change Percent | -0.55574745 |
| Fifty Two Week Low | 3.77 |
| Fifty Two Week Low Change | 0.86000013 |
| Fifty Two Week Low Change Percent | 0.22811675 |
| Fifty Two Week Range | 3.77 - 10.422 |
| First Trade Date Milliseconds | 1,432,906,200,000 |
| Five Year Average Return | -0.4154673 |
| Full Exchange Name | NYSEArca |
| 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 | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_295054280 |
| Nav Price | 5.045 |
| Net Assets | 130,553,136.0 |
| Net Expense Ratio | 1.01 |
| Open | 4.865 |
| Phone | 866-476-7523 |
| Pre Market Change | -0.03999996 |
| Pre Market Change Percent | -0.86393005 |
| Pre Market Price | 4.59 |
| Pre Market Time | 1,784,025,254 |
| Previous Close | 5.05 |
| Price Hint | 4 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.42 |
| Regular Market Change Percent | -8.31683 |
| Regular Market Day High | 4.86 |
| Regular Market Day Low | 4.57 |
| Regular Market Day Range | 4.57 - 4.86 |
| Regular Market Open | 4.865 |
| Regular Market Previous Close | 5.05 |
| Regular Market Price | 4.63 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 33,181,374 |
| Short Name | Direxion Daily S&P Oil & Gas Ex |
| Source Interval | 15 |
| Symbol | DRIP |
| Three Year Average Return | -0.256597 |
| Total Assets | 130,553,136 |
| Tradeable | 0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 30.28829 |
| Trailing Three Month Returns | 30.28829 |
| Triggerable | 1 |
| Two Hundred Day Average | 6.68855 |
| Two Hundred Day Average Change | -2.05855 |
| Two Hundred Day Average Change Percent | -0.30777222 |
| Type Disp | ETF |
| Volume | 33,181,374 |
| Yield | 0.0291 |
| Ytd Return | -39.95273 |