Is JNUG stock a good buy?
But there are also good reasons to expect the JNUG ETF is headed lower in the medium-term. In addition, the price of gold will likely underperform in the long-term. At this point, gold is a great medium-term trade, but a terrible long-term investment. But the JNUG ETF is too dangerous to hold even in the medium-term.
What stocks make up JNUG?
Top 3 Holdings
| Company | Symbol | Total Net Assets |
|---|---|---|
| Dreyfus Government Cash Management Institutional Shs | DGCXX | 60.22% |
| VanEck Junior Gold Miners ETF | GDXJ | 33.62% |
| Financial Square Treasury Instruments Fund FST Shares | FTIXX | 23.97% |
Why does JNUG drop so much?
Leveraged ETFs like JNUG get crushed in a volatile market. One reason for this is because the JNUG ETF uses leverage, that leverage has to be rebalanced every day. The long and short of it is that with leveraged ETFs, the more volatile the benchmark, the more value tends to get lost over time.
What is JNUG based on?
The Direxion Daily Junior Gold Miners Index (JNUG) is tied to the performance of the MVIS Global Junior Gold Miners Index, which tracks the performance of foreign and domestic micro-, small- and mid-cap gold and silver mining companies.
Does JNUG track gold?
JNUG provides geared exposure (2x) to the MVIS Global Junior Gold Miners Index—a market-cap-weighted index of global gold mining companies that derive at least 50% of their revenue from gold or silver mining activities. Effective 4/24/2017, JNUG resumes daily creations.
What is wrong with JNUG?
Does JNUG follow Silver?
JNUG provides geared exposure (2x) to the MVIS Global Junior Gold Miners Index—a market-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.
Is JNUG a good ETF?
Both small cap companies and gold prices are commonly more volatile than the average investment; with both factors taken into consideration, JNUG is a highly volatile and speculative security. The JNUG ETF has a year-to-date return of 27 percent. However, it is down by 17.9 percent from July 2018.
Why is JNUG crashing?
Is JNUG related to gold?
JNUG [NYSEArca: JNUG] – Direxion Daily Junior Gold Miners Index Bull 3X Shares – is a gold mining ETF that was created in October 2013. This ETF consists of junior gold and silver companies that operate in both developed and emerging markets. The JNUG ETF has a year-to-date return of 27 percent.
What is JNUG and JDST?
The Direxion Daily Junior Gold Miners Index Bull (JNUG) and Bear (JDST) 2X Shares seek daily investment results, before fees and expenses, of 200%, or 200% of the inverse (or opposite), of the performance of the MVIS Global Junior Gold Miners Index.
Does JNUG follow gold?
What Is JNUG? JNUG [NYSEArca: JNUG] – Direxion Daily Junior Gold Miners Index Bull 3X Shares – is a gold mining ETF that was created in October 2013. This ETF consists of junior gold and silver companies that operate in both developed and emerging markets.