DRIP is trading 2.4% up at $37.14 after oil prices fell earlier on renewed expectations for progress in reopening the Strait of Hormuz.
- DRIP targets 2x inverse daily exposure to U.S. oil-and-gas exploration and production companies, so weakness in crude and energy can support the fund.
- Oil later recovered modestly, making the move somewhat volatile.
- No company-specific announcement or confirmed DRIP catalyst was identified for August 27, 2026.