DRIP is trading at $33.85 (-2.25%) in pre-market after crude prices strengthened following renewed U.S.-Iran military attacks near the Strait of Hormuz.
- Brent crude rose to $91.13 and WTI to $86.62 on September 1, 2026, as traders assessed potential supply disruptions.
- DRIP provides inverse exposure to oil-and-gas exploration and production stocks, so stronger crude prices pressure the ETF.
- Broader risk-off sentiment also weighs on pre-market trading.