DUSTDirexion Daily Gold Miners Index Bear 2x Shares
DUST Fund Description
DUST provides 2x inverse exposure to a market-cap-weighted index of global gold and silver mining firms.
DUST Factset Analytics Insight
DUST is an extremely aggressive inverse play on perhaps the most widely followed gold mining index—the NYSE Arca Gold Miners Index—and the widely held ETF that tracks it: GDX. The index tracks about 30 firms engaged in the precious metals mining industry globally, with a strong bias to large gold and silver mining firms. DUST promises to provide inverse exposure to these firms with a leverage factor of 2 on a daily basis. The last point is important, because investors trying to make a long-term bet against gold mining shares can only use DUST to do so if they are willing to frequently adjust their position in the fund. Trading costs should be taken into consideration. Prior to March 31, 2020, the fund provided 3x inverse daily exposure to the same index.
DUST Charts And Performance
DUST Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DUST. DUST is rated a 5 out of 5.