Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP)Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
31.65 USD
+0.93
(3.027%)
⇧
(Oct. 15, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 9:18 a.m. EDT
This instrument is a leveraged inverse ETF designed to profit from the destruction of the oil sector, and the data confirms a brutal, multi-year structural decline. The price history reveals a catastrophic trajectory, dropping nearly 99% over the last nine years with six consecutive years of negative returns. While the recent price action shows a slight bounce off the lows, the momentum remains deeply broken, trading significantly below its 50-day and 200-day averages. The dividend yield of 2.55% is misleading; it is a phantom yield generated by the compounding of losses, not sustainable cash flow, and the payout amounts have been erratic and shrinking relative to the asset's eroding value. Options activity screams panic, with traders betting on a further plunge to single-digit prices, reinforcing the view that the market sees no bottom in sight. For a short-term trader, the trend is still violently downward, offering no safe entry. For a long-term holder, the fundamentals are non-existent as the underlying business quality has imploded, making this a clear avoid. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.057542 |
| MSTL | 0.117883 |
| AutoARIMA | 0.118096 |
| AutoETS | 0.118096 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 40% |
| H-stat | 2.55 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.206 |
| Excess Kurtosis | -0.85 |
As of Oct. 10, 2026, 9:18 a.m. EDT: Speculators are overwhelmingly positioning for a massive collapse, evidenced by a 'Major OI Wall' of deep out-of-the-money calls at $5 strikes and heavy volume in $4 calls versus negligible call interest above $35. Conversely, put writers are establishing a dense wall of protection at $20, while call writers are hedging against a spike to $51. The implied volatility skew shows extreme fear of a drop to single digits, with deep ITM calls trading at near-zero IV compared to moderate OTM strikes, suggesting a consensus bet on a catastrophic price event rather than a standard correction.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.75% | 2.46% | 3.50% | 2.80% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-09-22 | 0.273000 | 0.746309 |
| 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 | 32.49 |
| Ask Size | 200 |
| Average Daily Volume10 Day | 817,020 |
| Average Daily Volume3 Month | 701,038 |
| Average Volume | 701,038 |
| Average Volume10Days | 817,020 |
| Beta3 Year | -0.04 |
| Bid | 0.0 |
| Bid Size | 300 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 31.96 |
| Day Low | 30.9 |
| Display Name | S&P Oil & Gas Exp. & Prod. Bear |
| Dividend Yield | 2.55 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 35.5049 |
| Fifty Day Average Change | -3.8549023 |
| Fifty Day Average Change Percent | -0.1085738 |
| Fifty Two Week Change Percent | -68.329895 |
| Fifty Two Week High | 98.96 |
| Fifty Two Week High Change | -67.31 |
| Fifty Two Week High Change Percent | -0.6801738 |
| Fifty Two Week Low | 29.82 |
| Fifty Two Week Low Change | 1.8299999 |
| Fifty Two Week Low Change Percent | 0.06136821 |
| Fifty Two Week Range | 29.82 - 98.96 |
| First Trade Date Milliseconds | 1,432,906,200,000 |
| Five Year Average Return | -0.4116257 |
| Full Exchange Name | NYSEArca |
| Fullday Change | 0.2800007 |
| Fullday Change Percent | 0.8846783 |
| Fullday Price | 31.93 |
| 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 | 30.718 |
| Net Assets | 128,728,888.0 |
| Net Expense Ratio | 1.01 |
| Open | 30.79 |
| Phone | 866-476-7523 |
| Pre Market Change | 0.2800007 |
| Pre Market Change Percent | 0.8846783 |
| Pre Market Price | 31.93 |
| Pre Market Time | 1,792,142,916 |
| Previous Close | 30.72 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.93 |
| Regular Market Change Percent | 3.02734 |
| Regular Market Day High | 31.96 |
| Regular Market Day Low | 30.9 |
| Regular Market Day Range | 30.9 - 31.96 |
| Regular Market Open | 30.79 |
| Regular Market Previous Close | 30.72 |
| Regular Market Price | 31.65 |
| Regular Market Time | 1,792,094,400 |
| Regular Market Volume | 671,025 |
| Short Name | Direxion Daily S&P Oil & Gas Ex |
| Source Interval | 15 |
| Symbol | DRIP |
| Three Year Average Return | -0.2995895 |
| Total Assets | 128,728,888 |
| Tradeable | 0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -29.64479 |
| Trailing Three Month Returns | -29.64479 |
| Triggerable | 1 |
| Two Hundred Day Average | 50.164875 |
| Two Hundred Day Average Change | -18.514875 |
| Two Hundred Day Average Change Percent | -0.36908045 |
| Type Disp | ETF |
| Volume | 671,025 |
| Yield | 0.0255 |
| Ytd Return | -57.75362 |