ETF spotlight on Direxion Daily Gold Miners Bear 2x Shares (NYSEArca: DUST), part of an ongoing series.
Assets: $9.4 million.
Objective: The Daily Gold Miners Bear 2x shares tries to reflect the 200% of the daily inverse, or opposite, performance of the NYSE Arca Gold Miners Index, which is comprised of companies engaged in the mining of gold and silver in the developed and emerging countries.
Holdings: The fund achieves its target exposure by holding total return swaps on the nonleveraged fund Market Vectors Gold Miners (NYSEArca: GDX).