DRIP — Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (ticker: DRIP) is a equity ETF issued by Rafferty Asset Management tracking S&P Oil & Gas Exploration & Production Select Industry Index (-300%). It was launched on 2015-05-28.
About DRIP
The Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP) is an inverse equity ETF that seeks to provide 200% inverse exposure to the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The fund employs an equal-weight strategy within the U.S. Oil & Gas Exploration & Production sector. It is managed by Rafferty Asset Management and was incepted on May 28, 2015.
DRIP holds 8 positions, with significant allocations to cash equivalents and swap agreements designed to achieve its leveraged inverse objective. This ETF may be considered by investors looking for leveraged bearish exposure to the U.S. oil and gas exploration and production industry.
- Seeks 2x daily inverse exposure to the S&P Oil & Gas Exploration & Production Select Industry Index.
- Focuses on the U.S. Oil & Gas Exploration & Production sector.
- Manages $124M in assets with an expense ratio of 0.01%.
- Current holdings include cash management instruments and index swap agreements.
Returns (Total Return)
| Period | Return |
|---|---|
| 1 Day | -2.95% |
| 1 Week | -0.65% |
| 1 Month | -4.96% |
| 3 Months | -11.54% |
| 6 Months | -43.56% |
| YTD | -49.12% |
| 1 Year | -55.24% |
| 3 Years | -63.70% |
| 5 Years | -92.78% |
| 10 Years | — |
| Since Inception | — |
Top Holdings
| # | Security | Symbol | Weight |
|---|---|---|---|
| 1 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 90.60% |
| 2 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 90.60% |
| 3 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 90.60% |
| 4 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 90.60% |
| 5 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 85.52% |
| 6 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 85.52% |
| 7 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 85.52% |
| 8 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 85.52% |
| 9 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 85.52% |
| 10 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 83.75% |
Fund Profile
| Issuer | Rafferty Asset Management |
|---|---|
| Brand | Direxion |
| Asset Class | equity |
| Strategy | Equal |
| Structure | ETF |
| Category | Sector |
| Segment | Inverse Equity: U.S. Oil & Gas Exploration & Production |
| Sector | Oil & Gas Exploration & Production |
| Region | North America |
| Index Tracked | S&P Oil & Gas Exploration & Production Select Industry Index (-300%) |
| Inception Date | 2015-05-28 |
| Tax on Distributions | Ordinary income |
Quick Facts
| Ticker | DRIP |
|---|---|
| Full Name | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares |
| Issuer | Rafferty Asset Management |
| Asset Class | equity |
| Expense Ratio | 0.01% |
| AUM | $162.50M |
| Inception | 2015-05-28 |
| Index Tracked | S&P Oil & Gas Exploration & Production Select Industry Index (-300%) |
Frequently Asked Questions
What does DRIP track?
DRIP (Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares) tracks S&P Oil & Gas Exploration & Production Select Industry Index (-300%), a equity benchmark.
What is the expense ratio of DRIP?
DRIP has an expense ratio of 0.01% per year.
What is the AUM of DRIP?
DRIP has approximately $162.50M in assets under management.
Does DRIP pay a dividend?
DRIP distributes income according to its prospectus (Ordinary income tax treatment). Check the dividend history tab for ex-dividend dates and yield.
Who issues DRIP?
DRIP is issued by Rafferty Asset Management under the Direxion brand, launched on 2015-05-28.
Open the interactive DRIP dashboard for charts, historical fund flows, holdings breakdown and seasonality patterns.