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

NYSEArca - NYSEArca Delayed Price. Currency in USD
19.34
-1.52 (-7.29%)
At close: 4:00PM EDT
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Previous Close20.86
Open19.10
Bid19.25 x 1100
Ask19.33 x 3100
Day's Range19.00 - 21.77
52 Week Range3.10 - 59.65
Volume1,589,137
Avg. Volume4,722,885
Net Assets25.38M
NAV19.33
PE Ratio (TTM)N/A
Yield1.57%
YTD Daily Total Return-65.23%
Beta (5Y Monthly)-2.67
Expense Ratio (net)1.07%
Inception Date2015-05-28
  • Change in Investment Objectives and Strategies of Ten Daily Leveraged and Daily Inverse Leveraged Funds
    PR Newswire

    Change in Investment Objectives and Strategies of Ten Daily Leveraged and Daily Inverse Leveraged Funds

    The investment objective and strategy of each fund in the table below is to now seek daily leveraged, or daily inverse leveraged, investment results, before fees and expenses, of 200% or -200%, as applicable, of the performance of its underlying index, as shown below:

  • Ten Funds Underexposed at Market Open
    PR Newswire

    Ten Funds Underexposed at Market Open

    Due to recent market volatility and related developments, 10 funds will be underexposed to the market today. At market open, each fund will have the following exposure. This reduced exposure is for today, March 31, 2020, only.

  • PR Newswire

    Direxion Expedites the Change in Investment Objectives and Strategies of Ten Daily Leveraged and Daily Inverse Leveraged Funds

    The investment objective and strategy of each Fund in the table below is currently to seek daily leveraged, or daily inverse leveraged, investment results, before fees and expenses, of 300% or -300%, as applicable, of the performance of its underlying index. Effective after market close on March 31, 2020 each Fund's investment objective and strategy will change to seek daily leveraged, or daily inverse leveraged, investment results, before fees and expenses, of 200% or -200%, as applicable, of the performance of its underlying index, as shown below:

  • ETF.com

    Direxion Ratchets Down Geared ETFs

    The issuer is closing some ETFs and changing the leverage exposure on others.

  • PR Newswire

    Direxion Changes Objectives Of Ten Leveraged Funds To Address Extreme Market Conditions, While Also Closing Eight Funds Due to Limited Interest Since Launch

    Recent and near unprecedented volatility across global markets, driven by the impact of the COVID-19 pandemic and oil price war, has dramatically increased the explicit and implicit cost of trading in the energy and commodities markets. While volatility will subside at some point, the ability to cost-effectively and efficiently access these markets may remain challenged for some time.

  • Worst Not Over for Oil: Short Energy Stocks With These ETFs
    Zacks

    Worst Not Over for Oil: Short Energy Stocks With These ETFs

    The oil market could face one of the largest supply overhangs in modern oil market history in April. This indicates that the worst might not be over yet.

  • Direxion Announces Forward and Reverse Splits of Four ETFs
    PR Newswire

    Direxion Announces Forward and Reverse Splits of Four ETFs

    Direxion has announced it will execute forward share splits for two of its exchange-traded funds ("ETFs"), as well as reverse share splits for an additional two ETFs. The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined below.

  • Benzinga

    The Bears Have Energy, But How High Can Coronavirus Fuel These Inverse ETFs?

    Despite encouraging signs late in 2019 that the energy market might be swept up in the rally that pushed major indexes to new highs, the prices for oil and natural gas have spent the initial weeks of 2020 in a downward spiral to new 52-week lows. For starters, Direxion’s broad-based Daily Energy Bear 3X Shares (NYSE: ERY), which tracks the S&P Energy Select Sector Index (IXE), is higher in 2020 by more than 120%. Funny enough, ERY is the lowest-performing ETF of the three energy funds Direxion offers, the other two are up as much as 265% year-to-date, putting them well among the top-performing funds of the year so far.

  • Benzinga

    3 Leveraged ETFs For Sinking Energy Stocks

    Due in large part to the panicked selling caused by the spread of the novel coronavirus, also know as COVID-19, oil prices and energy equities are tumbling. For example, the United States Oil Fund (NYSE: ...

  • Inverse ETFs That Gained More Than 20% in January
    Zacks

    Inverse ETFs That Gained More Than 20% in January

    After scaling new highs to start the year on the initial U.S.-China trade deal, Wall Street is badly shaken by the fast-spreading coronavirus that has led to fears of a worldwide pandemic.

  • ETF Trends

    Have Oil Prices Reached a Peak?

    Despite a strong 2019 for stocks, one of the sectors that was hesitant to jump to record highs was the energy sector. One of its main drivers, oil, could be reaching a peak, according to Chevron CEO Michael ...

  • ETF Trends

    Gains for Oil Bears Lurking as U.S. Production Growth Could Slide

    Gains were fleeting for oil bulls following the U.S. airstrike in Iraq that killed an Iranian general, which saw prices skyrocket before subsequently falling as tensions began to subside. Putting further ...

  • Benzinga

    Iran Drama Threw A Curveball At Traders Using These ETFs

    In trading, there are definitely times when it's better to be lucky than good. Then there are times when a trader is good, but unlucky. Following news of the death of General Qassem Soleimani , a bloody ...

  • 6 Best Leveraged Inverse ETFs of Past Week
    Zacks

    6 Best Leveraged Inverse ETFs of Past Week

    We have highlighted six leveraged inverse ETFs that are up more than 15% over the past week.

  • 5 Leveraged/Inverse ETFs That Gained Double Digits in August
    Zacks

    5 Leveraged/Inverse ETFs That Gained Double Digits in August

    Investors are rushing to leveraged or inverse leveraged ETFs to increase returns on quick market turns in a short span.

  • 5 Leveraged/Inverse ETFs Up 25% Plus at Halfway Q3
    Zacks

    5 Leveraged/Inverse ETFs Up 25% Plus at Halfway Q3

    Investors are rushing to leveraged or inverse leveraged ETFs to increase returns on quick market turns in a short span.

  • Benzinga

    Traders Like This Oil ETF—That's Not Good For E&P Stocks

    The energy patch has been punished this month, particularly the volatile exploration and production stocks. The primary problem for exploration and production companies this year is that the U.S. is awash in crude and is pumping at record highs, relevant because most E&P firms operate in the U.S. The thing is, the world's appetite for oil is projected to wane over the near-term amid intensifying recession fears for major global economies.

  • 6 Inverse ETFs That are Up More Than 30% in August So Far
    Zacks

    6 Inverse ETFs That are Up More Than 30% in August So Far

    Wall Street has been witnessing a tough ride this month due to U.S.-China trade conflicts, weak global economic data, low inflation and political unrest in Hong Kong.

  • Inverse Energy ETFs Soar Amid Global Slowdown Fears
    Investopedia

    Inverse Energy ETFs Soar Amid Global Slowdown Fears

    Oil prices skidded Wednesday after weak economic data and a surprise build in inventories rattled energy markets.

  • Oil Collapses to Bear Market: Bet on Inverse Energy ETFs
    Zacks

    Oil Collapses to Bear Market: Bet on Inverse Energy ETFs

    Amid bearish fundamentals, many investors have turned bearish on the energy sector and are seeking to tap this opportunity. For them, an inverse or leveraged inverse play on energy or oil could be an excellent idea.

  • Benzinga

    Where Traders Love Frackers

    The S&P Oil & Gas Exploration & Production Select Industry Index (SPSIOPTR), as is often the case, is responding to oil prices. This month, that is not a good thing as the index is lower by more than 13.50 ...

  • 5 Leveraged Inverse ETFs That Soared More Than 40% in May
    Zacks

    5 Leveraged Inverse ETFs That Soared More Than 40% in May

    We have highlighted five leveraged inverse ETFs that gained more than 40% in May though these involve a great deal of risk when compared to traditional products.

  • PR Newswire

    Direxion Announces Reverse Splits of Eight ETFs

    NEW YORK , May 24, 2019 /PRNewswire/ -- Direxion has announced it will execute a reverse split of the issued and outstanding shares of the Direxion Daily Mid Cap Bear 3X Shares, Direxion Daily Small Cap ...

  • Benzinga

    Epic Earnings Tests Loom For These Leveraged ETFs

    The hot exploration and production segment of the energy sector gets its first batch of earnings tests this week as just over 24 percent of the S&P Oil & Gas Exploration & Production Select Industry Index ...