JDST

Direxion Daily Junior Gold Miners Index Bear 2X Shares

$3.99

+0.00%

Market closed. Last update: 11:58 AM ET

📎 Investment Objective

JDST seeks to provide daily investment results that correspond to two times the inverse (-2x) of the daily performance of the MVIS Global Junior Gold Miners Index.

Overview

ETF tracking Direxion Daily Junior Gold Miners Index Bear 2X Shares

Category Leveraged

Issuer Other

Inception Date 2013-10-03

Market Cap $42.9M

Average Volume N/A

Dividend Yield 14.08%

52-Week Range $3.28 - $31.40

VWAP $4.01

Performance

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Investment Summary

📎 Investment Objective

JDST seeks to provide daily investment results that correspond to two times the inverse (-2x) of the daily performance of the MVIS Global Junior Gold Miners Index.

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to achieve its daily inverse leveraged investment objective. It does not seek to achieve its stated investment objective over a period of time greater than one day.

✨ Key Features

Provides 2x daily inverse exposure to the junior gold mining sector
Utilizes leverage to amplify the daily performance of the underlying index
Resets daily, so longer-term returns may differ significantly from the target multiple
Relatively high expense ratio compared to non-leveraged funds

⚠️ Primary Risks

Significant daily volatility and potential for large losses due to leverage
Tracking error risk, as the fund may not perfectly match the target multiple
Risks associated with the use of derivatives, such as counterparty risk
Concentration in the junior gold mining industry, which can be volatile

👤 Best For

JDST is a highly speculative and risky investment, suitable only for experienced traders with a very short-term investment horizon and a high risk tolerance. It is not recommended for long-term buy-and-hold investors.