The Index composition leans towards mega and large cap companies, with 77% of the portfolio qualifying as either large or mega cap.
From a geographical standpoint, Canada is well represented among Miners, with 63.95% of the portfolio centered in Canada, and the remaining portions being carved up accordingly (U.S. 15.76%, Africa 11.52%, Europe 4.60%, and Latin America 4.28%).
In coming trading sessions we will watch not only the underlying action in Mining related ETFs including the aforementioned funds, but also be mindful of potential additional ETF options activity that may provide clues on the shorter term direction of this sector.
Direxion Daily Gold Miners Bull 3X
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