DRIP Stock Summary and Trading Ideas (Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X | ARCA:DRIP)

The Fund seeks daily investment results, before fees and expenses, of 200% of the inverse (or opposite) of the performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The S&P Oil & Gas Exploration & Production Select Industry Index (SPSIOPTR) is provided by Standard & Poor's Index Provider and includes domestic companies from the oil and gas exploration and production sub-industry. The Index is a modified equal-weighted index that is designed to measure the performance of a sub-industry or group of sub-industries determined based on the Global Industry Classification Standards (GICS)

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X trades on the ARCA stock market under the symbol DRIP.

As of January 23, 2026, DRIP stock price declined to $7.83 with 6,463,261 million shares trading.

DRIP has a beta of -1.82, meaning it tends to be less sensitive to market movements. DRIP has a correlation of 0.29 to the broad based SPY ETF.

DRIP has a market cap of $40.78 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, DRIP traded as high as $19.05 and as low as $7.46.

DRIP has underperformed the market in the last year with a price return of -14.0% while the SPY ETF gained +14.2%. DRIP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -10.3% and -11.3%, respectively, while the SPY returned +2.9% and -0.7%, respectively.

DRIP support price is $7.62 and resistance is $8.16 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DRIP shares will trade within this expected range on the day.