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 June 8, 2026, DRIP stock price declined to $4.59 with 19,610,018 million shares trading.

DRIP has a beta of 1.56, meaning it tends to be more sensitive to market movements. DRIP has a correlation of 0.12 to the broad based SPY ETF.

DRIP has a market cap of $158.39 million. This is considered a Micro Cap stock.

In the last 3 years, DRIP traded as high as $17.48 and as low as $3.77.

DRIP has underperformed the market in the last year with a return of -56.3%, while the SPY ETF gained +26.4%. In the last 3 month period, DRIP fell short of the market, returning -11.3%, while SPY returned +9.2%. However, in the most recent 2 weeks DRIP has outperformed the stock market by returning +3.4%, while SPY returned -0.5%.

DRIP support price is $4.56 and resistance is $4.92 (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.