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Copyright © Do Not Sell My Information. 2020 InvestorPlace Media, LLC. Instead it looks as a vehicle of wealth destruction. This process is automatic. One share of JDST stock can currently be purchased for approximately $10.33. Many investors are familiar with a wide range of exchange traded funds that enable them to track the price of the commodity.

This 2X long LTEF needs to buy every day underlying asset prices go up, and sell when they go down. In 2020, one of the most trusted asset classes has possibly been gold, with the shiny metal up about 13%. Export data to Excel for your own analysis. View JDST's stock price, price target, dividend, earnings, forecast, insider trades, and news at MarketBeat.

Direxion Daily Jr Gld Mnrs Bear 3X Shrs. Gold Triangles. Tezcan Gecgil has worked in investment management for over two decades in the U.S. and U.K. Single opportunity could 16X your investment starting next week. NYSEArca Updated Nov 3, 2020 6:25 PM

One way to play the recent gold rush is a leveraged exchange traded fund, such the Direxion Daily Jr. Gold Miners Bull 2X ETF (NYSEARCA:JNUG). Direxion Daily Junior Gold Miners Index Bear 2X Shares declared a quarterly dividend on Monday, December 23rd. And leverage makes the long-term performance of both JNUG and NUGT differ than the performance of the underlying assets. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 1125 N. Charles St, Baltimore, MD 21201. Direxion Daily Junior Gold Miners Index Bear 2X Shares trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "JDST.". In 2020, they are up 23% and 12% respectively. How is that possible? Similarly, MVGDXJ, the index that JNUG tracks is up 13% in 2020. Before you decide to buy leveraged ETFs, such as JNUG stock,  it’d be extremely important to understand how they work, with an emphasis on their drawbacks.

It is important to remember that JNUG stock is a leveraged exchange traded fund (LTEF). Your browser will redirect to your requested content shortly. []))), +((!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![]+[])+(!+[]+(!![])+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![])+(!+[]-(!![]))+(!+[]+(!![])+!![]+!![])+(+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![]+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]))/+((!+[]+(!![])+!![]+[])+(!+[]+(!![])+!![]+!![])+(!+[]+(!![])-[])+(!+[]+(!![])-[])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![]+!![]+!![])+(!+[]-(!![]))+(!+[]+(!![])+!![]+!![]+!![]+!![])+(!+[]+(!! Nasdaq ... traders could consider JNUG stock to go long smaller gold miners and JDST to go … A 2X leveraged ETF like JNUG stock is structured to be constantly 2X leveraged on a daily basis. This represents a $2.70 dividend on an annualized basis and a yield of 26.13%. Copyright © 2020 InvestorPlace Media, LLC. Post-Election Market Outlook: What to Expect, When Markets Give You a Pullback, Buy Lemonade Stock, Matt McCall and the InvestorPlace Research Staff, Investing During Coronavirus: Stocks Open Higher Ahead of Key Election Results, Wait for Nio Stock to Drop Before Buying In, Nio Stock Can Go Higher if Growth Continues at This Pace, 19 Election Stocks to Buy if Joe Biden Wins in 2020, 20 Election Stocks to Buy if Donald Trump Wins in 2020, 7 Industrial Stocks to Reconstruct Your Portfolio for 2021, 5-year return: JNUG -52.90% and JDST -80.37% (i.e., both returns are negative), 3-year return: JNUG -68.8% and JDST -63.7% (i.e., both returns are negative), 1-year return: JNUG -92.0% and JDST down -92.8% (i.e., both returns are negative). 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This daily leverage gives JNUG certain characteristics that may make it a rather inappropriate long-term holding for most retail investors. Based on aggregate information from My MarketBeat watchlists, some companies that other Direxion Daily Junior Gold Miners Index Bear 2X Shares investors own include Direxion Daily Junior Gold Miners Index Bull 2X Shares (JNUG), Achillion Pharmaceuticals (ACHN), Direxion Daily Gold Miners Index Bull 2x Shares (NUGT), Frontier Communications (FTR), Direxion Daily Gold Miners Index Bear 2x Shares (DUST), Carnival Co. & (CCL), Ford Motor (F), Direxion Daily S&P Oil & Gas Exp. Even if the underlying index moves in favor of the LTEF, JNUG stock might still lose considerable value over the long term. In addition to formal higher education in the field, she. Learn about financial terms, types of investments, trading strategies and more. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. It essentially represents the 180 degree opposite viewpoint from that of gold. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, April 22nd 2020. Learn more. 1125 N. Charles St, Baltimore, MD 21201. But looking at the performance over time, long-term traders should not consider JNUG stock to go long.

Receive a free world-class investing education from MarketBeat. However, the daily resetting involved in JNUG stock is rather complex and makes it a no-go as a long-term holding. All rights reserved. Shares of JDST can be purchased through any online brokerage account. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. JNUG stock also has a “bear inverse” ETF, i.e., Direxion Daily Jr. Gold Miners Bear 2X ETF (NYSEARCA:JDST). Since then, JDST shares have decreased by 30.3% and is now trading at $10.33. Her passion is for options trading based on technical analysis of fundamentally strong companies. But first, before looking at JDST, … Year-to-date, they are up 14% each. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. View which stocks have been most impacted by COVID-19. The 1-25 reverse split was announced on Wednesday, April 8th 2020. Looking for new stock ideas? For example, if the underlying index MVGDXJ moves down 5% on a given day, then JNUG stock should move down 10%. Article printed from InvestorPlace Media, https://investorplace.com/2020/05/be-careful-using-leveraged-jnug-stock-to-buy-gold/. This 2X long LTEF needs to buy every day underlying asset prices go up, and sell when they go down. Direxion Daily Junior Gold Miners Index Bear 2X Shares's stock reverse split on the morning of Thursday, April 23rd 2020. She especially enjoys setting up weekly covered calls for income generation.

Exploring Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) stock?

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. The leverage is achieved through the use of rather sophisticated financial instruments, such as swaps, futures, and options.

Examples include the SPDR Gold Shares (NYSEARCA:GLD) or SPDR Gold MiniShares SPDR Gold MiniShares (NYSEARCA:GLDM). Please enable Cookies and reload the page. JNUG tracks the MVIS Global Junior Gold Miners Index (MVGDXJ). The use of leverage as well as volatility give their unique properties to these funds. Want to see which stocks are moving? As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. View Direxion Daily Junior Gold Miners Index Bear 2X Shares' dividend history. An Aug 2003 study at the Univ Illinois found that stocks … [])-[])), +((!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![]+!![]+[])+(!+[]+(!![])+!![]+!![])+(+!![])+(!+[]-(!![]))+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![])+(+!![]))/+((!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![]+!![]+[])+(!+[]-(!![]))+(!+[]+(!![])-[])+(!+[]+(!![])+!![])+(!+[]+(!![])+!![]+!![]+!![])+(+!![])+(!+[]+(!![])+!![]+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![])+(!+[]+(!!