Direxion Daily Junior Gold Miners Index Bull 2X Shares

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Key stats

Assets under management (AUM)
‪262.38 M‬USD
Fund flows (1Y)
‪31.52 M‬USD
Dividend yield (indicated)
2.36%
Discount/Premium to NAV
−0.6%

About Direxion Daily Junior Gold Miners Index Bull 2X Shares

Issuer
Rafferty Asset Management LLC
Brand
Direxion
Expense ratio
1.15%
Inception date
Oct 3, 2013
Index tracked
MVIS Global Junior Gold Miners
Management style
Passive
ISIN
US25460G8318
JNUG provides geared exposure (2x) to the MVIS Global Junior Gold Miners Indexa market-cap-weighted index of global gold mining companies that derive at least 50% of their revenue from gold or silver mining activities. The index caps exposure to silver mining firms at 20% during each quarterly review. The term junior refers to the size of these firms, which are considered to be small-caps as defined by the index provider, which slightly dilutes its exposure to gold relative to our benchmark for gold. Like most leveraged products (including sister fund JDST, which provides -2x exposure to the same index), JNUG's exposure is reset daily. The fund is therefore designed to be used as a tactical trading tool. You must regularly reset your exposure to get the multiple if you hold the fund for more than a day. Tradability is paramount for a tactical toolwhich a 2x play on gold surely is. Trading costs should be taken into consideration. Effective 4/24/2017, JNUG resumes daily creations. Prior to March 31, 2020 the fund provided 3x exposure to the same index.

Classification

Asset Class
Equity
Category
Sector
Focus
Materials
Niche
Gold miners
Strategy
Vanilla
Weighting scheme
Market cap
Selection criteria
Market cap
What's in the fund
Exposure type
Bonds, Cash & Other
Cash
ETF
Stock breakdown by region
100%

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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy