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

An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.

DRIP trades at 11.09 USD today, its price has risen 1.90% in the past 24 hours. Track more dynamics on DRIP price chart.

DRIP net asset value is 11.09 today — it's fallen 14.92% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.

DRIP assets under management is ‪40.57 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.

DRIP price has fallen by −13.29% over the last month, and its yearly performance shows a 17.23% increase. See more dynamics on DRIP price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −14.92% over the last month, have fallen by −14.92% over the last month, showed a 1.40% increase in three-month performance and has increased by 21.83% in a year.

DRIP fund flows account for ‪−31.98 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.

Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.

DRIP expense ratio is 1.04%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.

DRIP is an inverse fund, meaning it's structured to generate returns opposite to the trends of the underlying index or assets.

In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, DRIP technical analysis shows the neutral rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating DRIP shows the sell signal. See more of DRIP technicals for a more comprehensive analysis.

Yes, DRIP pays dividends to its holders with the dividend yield of 3.82%.

DRIP shares are issued by Rafferty Asset Management LLC

DRIP follows the S&P Oil & Gas Exploration & Production Select Industry. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.

The fund started trading on May 28, 2015.