Direxion Daily Junior Gold Miners Index Bear 2X Shares company info

What does Direxion Daily Junior Gold Miners Index Bear 2X Shares do?
Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSE:JDST) is a financial instrument designed to provide investors with leveraged exposure to junior gold mining companies. It aims to achieve daily investment results, before fees and expenses, of 200% of the inverse of the performance of the MVIS Global Junior Gold Miners Index. As such, it's a tool often used by experienced traders looking to capitalize on short-term declines in the junior gold mining sector. The fund achieves its goals through swap agreements, futures contracts, and other financial instruments. It's essential for investors to understand that due to its leveraged nature, JDST carries a higher level of risk and is subject to daily resets, making it more suitable for short-term trading strategies rather than long-term investments.
Direxion Daily Junior Gold Miners Index Bear 2X Shares company media
Company Snapshot

Is Direxion Daily Junior Gold Miners Index Bear 2X Shares a public or private company?

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Ownership
Public

How many people does Direxion Daily Junior Gold Miners Index Bear 2X Shares employ?

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Employees
56

What sector is Direxion Daily Junior Gold Miners Index Bear 2X Shares in?

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Sector
ETF

Where is the head office for Direxion Daily Junior Gold Miners Index Bear 2X Shares?

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Head Office
New York, United States

What year was Direxion Daily Junior Gold Miners Index Bear 2X Shares founded?

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Year Founded
2013
What does Direxion Daily Junior Gold Miners Index Bear 2X Shares specialise in?
/Leveraged ETF /Junior Miners /Inverse Exposure /Gold Investments /Investment Management /Financial Trading

What are the products and/or services of Direxion Daily Junior Gold Miners Index Bear 2X Shares?

Overview of Direxion Daily Junior Gold Miners Index Bear 2X Shares offerings
Targets Junior Gold Miners Index: JDST seeks to track the daily performance of the S&P Junior Gold Miners Index, which includes smaller companies involved in gold mining.
Delivers 2x Inverse Daily Returns: The key feature of JDST is its leveraged and inverse nature. It aims to deliver returns that are twice the inverse (opposite) of the daily return of the underlying index. In simpler terms, if the Junior Gold Miners Index goes down by 1% in a day, JDST would aim to go up by approximately 2%.
Seeks to Benefit from Bear Market: Due to its inverse nature, JDST is designed to benefit when the price of gold and gold mining stocks decline. Investors might use JDST for short-term bets on a potential decrease in the gold market.
Magnified Volatility: Leveraged ETFs like JDST experience magnified volatility compared to the underlying index. This means small movements in the index can result in larger swings in the price of JDST.
Not for Long-Term Investment: Due to the compounding effect of leverage, JDST may not be suitable for long-term investment strategies. The effects of leverage can be amplified over extended periods, potentially leading to unexpected outcomes.
Expense Ratio: JDST has an expense ratio, a fee that covers the cost of operating the ETF. It's important to understand this cost before investing in JDST. You can find the expense ratio on the Direxion Investments website or other financial websites.