JNUG

Direxion Daily Junior Gold Miners Index Bull 2X Shares

$149.81

+0.00%

Market closed. Last update: 10:49 PM ET

📎 Investment Objective

JNUG seeks to provide daily investment results that correspond to two times (2x) the daily performance of the MVIS Global Junior Gold Miners Index, which tracks the performance of small-capitalization global gold mining companies.

Overview

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

Category Leveraged

Issuer Other

Inception Date 2013-10-03

Market Cap $508.4M

Average Volume N/A

Dividend Yield 0.78%

52-Week Range $35.70 - $204.61

VWAP $146.43

Performance

Loading performance data...

Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

JNUG uses a combination of financial instruments, such as futures contracts and swaps, to provide leveraged exposure to the MVIS Global Junior Gold Miners Index. The fund aims to achieve its 2x daily target by adjusting its portfolio on a daily basis.

✨ Key Features

Provides 2x daily leveraged exposure to the junior gold mining sector
Resets its leverage daily, which can lead to compounding effects over longer holding periods
Highly volatile and speculative, suitable only for short-term trading or hedging purposes
Low assets under management and no performance history

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for large daily swings in value, both positive and negative
Compounding effect of daily resets can lead to unexpected long-term performance
Lack of liquidity and trading volume, which can impact execution and pricing

👤 Best For

JNUG is a highly speculative and volatile fund that is only suitable for experienced, risk-tolerant investors with a very short-term investment horizon and a thorough understanding of the risks of leveraged ETFs. It is not recommended for long-term buy-and-hold investors.