JDSTDirexion Daily Junior Gold Miners Index Bear 3X Shares
JDST Fund Description
JDST provides daily -3x 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 (-3x) to the Market Vectors 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 3x 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. Tradability is paramount for a tactical tool—which a 3x play on gold surely is—so be sure to check the spreads and volume data on this page. In general, JDST has decent volume with moderate spreads.
JDST CHARTS AND PERFORMANCE
JDST Portfolio Data
JDST Index Data
JDST Fund Structure
JDST Tax Exposures
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 5 out of 5.