DRIP is trading 2.12% down now at $36.01 after oil prices rose amid renewed U.S.-Iran tensions and disrupted Strait of Hormuz traffic.
- Its inverse exposure to oil-and-gas exploration and production companies means stronger crude prices generally weigh on the bearish leveraged ETF.
- Broader risk-off trading also pressured equities: the Nasdaq fell 1.36% and S&P 500 fell 0.63%.