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home / news releases / COM - DRIP: A Very High Risk Double Oil Short

COM - DRIP: A Very High Risk Double Oil Short

Direxion Auspice Broad Commodity Strategy
  • DRIP is a double-short oil ETF.
  • But its Index does not match 2X returns of the nearby NYMEX futures contract nor SCO, another double-short ETF.
  • Holding the ETF long-term would have been a disaster.
  • But it can be useful short-term, such as Oct-Dec 2018, Jan-Mar 2020.
  • And an opportunity may present itself to use DRIP at some point in the near future.

For further details see:

DRIP: A Very High Risk Double Oil Short
Stock Information
Company Name: Direxion Auspice Broad Commodity Strategy
Stock Symbol: COM
Market: NYSE
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