JDSTDirexion Daily Junior Gold Miners Index Bear 2X Shares
JDST Fund Description
JDST provides daily -2x exposure to an index of junior gold and silver mining companies from developed as well as emerging markets.
JDST Factset Analytics Insight
JDST provides geared inverse exposure (-2x) to the MVIS Global Junior Gold Miners Index, a 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 small-caps by the index provider. Overall, this tends to be a volatile segment. Like most inverse and leveraged products (including sister fund JNUG, which provides 2x exposure to the same index), JDST'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. Prior to March 31, 2020, the fund provided -3x exposure to the same index.
JDST MSCI ESG Analytics Insight
Direxion Daily Junior Gold Miners Index Bear 2X Shares has an MSCI ESG Fund Rating of A based on a score of 6.03 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Direxion Daily Junior Gold Miners Index Bear 2X Shares ranks in the 33th percentile within its peer group and in the 11st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
JDST Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of JDST. JDST is rated a N/A out of 5.