Direxion Daily S&P Oil & Gas Exploration & Production Bear 2X Shares (DRIP)

Profile

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares is a leveraged inverse exchange-traded fund designed to provide daily results that move in the opposite direction of the S&P Oil & Gas Exploration & Production Select Industry Index. DRIP focuses on U.S. oil and gas exploration and production companies, using financial instruments to create twice the inverse daily exposure to that sector index. The fund is used within the energy market as a tactical tool for expressing a bearish view on upstream oil and gas equities, rather than for long-term, buy-and-hold investing. Its portfolio is centered on index-linked exposure to companies involved in exploration and production activities, making it a specialized product for investors seeking short-term sector positioning. Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares is part of Direxion’s leveraged and inverse ETF lineup for energy markets.