Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF (DRIP)
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $38.79, down 0.13% on the session, giving a market capitalisation of $40.5M. Its beta of -0.08 implies it has historically moved less than the broad market.
The index measures the performance of the domestic companies included in the integrated oil and gas, oil and gas exploration and production and oil and gas refining and marketing sub-industries as classified by the GICS. The fund invests at least 80% of its net assets in financial instruments, that, in combination, provide 2X daily inverse (opposite) or short exposure to the index or to ETFs that track the index, consistent with the fund’s investment objective. It is non-diversified.
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF is most often compared with the following Financial Services names: