DRIP Stock Summary and Trading Ideas (Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | 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 ETF trades on the ARCA stock market under the symbol DRIP.

As of March 13, 2026, DRIP stock price declined to $4.94 with 18,393,169 million shares trading.

DRIP has a beta of -1.63, meaning it tends to be less sensitive to market movements. DRIP has a correlation of 0.24 to the broad based SPY ETF.

DRIP has a market cap of $65.49 million. This is considered a Micro Cap stock.

In the last 3 years, DRIP traded as high as $19.05 and as low as $4.87.

DRIP has underperformed the market in the last year with a price return of -57.2% while the SPY ETF gained +19.8%. DRIP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -41.3% and -21.3%, respectively, while the SPY returned -2.6% and -3.9%, respectively.

DRIP support price is $4.80 and resistance is $5.24 (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.