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

$12

1.88%

Market Cap: $45.7M

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

114% more call options, than puts

Call options by funds: $1.84M | Put options by funds: $858K

40% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 5

11% more funds holding

Funds holding: 18 [Q1] → 20 (+2) [Q2]

0.33% more ownership

Funds ownership: 8.92% [Q1] → 9.25% (+0.33%) [Q2]

6% less capital invested

Capital invested by funds: $4.46M [Q1] → $4.21M (-$252K) [Q2]

71% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 7

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Research analyst outlook

We haven’t received any recent analyst ratings for DRIP.

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Financial journalist opinion

4 ETFs to Mull as Hedge Funds Load Up on Energy

With rate cuts potentially looming in September, hedge funds are loading up on energy sector stocks,. That could give traders opportunities in leveraged ETFs if they want to mirror their bets.

4 ETFs to Mull as Hedge Funds Load Up on Energy

Q2 Earnings Season Looms Large in Hopes for Broader Stocks Rally

Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.

Q2 Earnings Season Looms Large in Hopes for Broader Stocks Rally

Rate Cut Hopes Spur Oil & Energy ETFs Higher

The expectation of rate cuts is pushing oil prices higher as U.S. consumer prices fell during the month of June. This could give bullish oil and energy traders more momentum to bet on price increases when the Federal Reserve finally loosens monetary policy.

Rate Cut Hopes Spur Oil & Energy ETFs Higher

NUGT & DUST: Prospecting Precious Metal Miners

Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.

NUGT & DUST: Prospecting Precious Metal Miners

Opportunity Today Is In Energy, Especially Oil And Gas - Chris DeMuth Jr.

Chris DeMuth Jr. discusses his investment strategy for 2023 and the current state of the market. He expresses his preference for the energy sector, particularly oil and gas, due to mispriced equities and potential for cash returns.

Opportunity Today Is In Energy, Especially Oil And Gas - Chris DeMuth Jr.

Falling Gas Prices Could Provide Upside for This Inverse ETF

Falling gas prices should open opportunities for traders to place bearish bets on oil prices. If so, then bears can take a look at the Direxion Daily S&P Oil & Gas Exp.

Falling Gas Prices Could Provide Upside for This Inverse ETF

Oil And Gas Stocks Tank With Record Supply Fueling Sector Sell Off: This Inverse ETF (DRIP) Offers A 200% Return - Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (ARCA:DRIP)

Direxion Daily S&P Oil & Gas Exp & Prod Bear 2X Shares DRIP was rising about 4.5% Tuesday after data released by the Bureau of Labor Statistics showed the Consumer Price Index (CPI) eased to an annual rate of 3.1% in November, which matched expectations.

Oil And Gas Stocks Tank With Record Supply Fueling Sector Sell Off: This Inverse ETF (DRIP) Offers A 200% Return - Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (ARCA:DRIP)

Zacks Investment Research

Inverse Energy ETFs Rise Amid Steep Decline in Oil

Oil prices are on their longest weekly losing streak since 2018, leading to a surge in inverse or inverse-leveraged energy ETFs.

Inverse Energy ETFs Rise Amid Steep Decline in Oil

2 Leveraged ETFs to Watch for the Holiday Season

Many Americans are prepping for the holiday season. Traders are also prepping their watch lists for potential opportunities in the market.

2 Leveraged ETFs to Watch for the Holiday Season

Oil Prices Volatility Should Give Traders Plenty of Opportunities

For traders, one of the perks of trading oil prices is the push-pull of supply and demand forces. Those force open opportunities to play the volatility.

Oil Prices Volatility Should Give Traders Plenty of Opportunities

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