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

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

No trades
See on Supercharts

Key stats

Assets under management (AUM)
‪44.80 M‬USD
Fund flows (1Y)
‪−21.31 M‬USD
Dividend yield (indicated)
5.22%
Discount/Premium to NAV
3.3%

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

Issuer
Rafferty Asset Management LLC
Brand
Direxion
Expense ratio
1.09%
Inception date
May 28, 2015
Index tracked
S&P Oil & Gas Exploration & Production Select Industry
Management style
Passive
DRIP seeks to deliver -200% of the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index. Unlike State Streets XOPan unlevered fund tracking the same indexDRIP uses over-the-counter derivatives to achieve its objective. As with all levered and inverse funds, DRIP should not be expected to deliver 2 times the performance of its index for periods longer than one day. Compounding and path-dependency can cause significant deviations over longer time frames, so it's best used for single-day tactical plays. It's worth noting that DRIP's index is equal weighted, market-cap weighting would require extreme concentration in a handful of major firms. As a result, DRIP exhibits a serious small-cap tilt and the elevated market risk that comes with it. DRIP's leverage factor only amplifies the potential for volatility. Trading costs should be taken into consideration. Prior to March 31, 2020, the fund provided -300% exposure to the same index.

Classification

Asset Class
Equity
Category
Sector
Focus
Energy
Niche
Oil & gas exploration & production
Strategy
Equal
Weighting scheme
Equal
Selection criteria
Market cap
What's in the fund
Exposure type
Bonds, Cash & Other
Cash
Bonds, Cash & Other100.00%
Cash100.00%

See all ideas 

Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy