ETF Trends
ETF Trends

Two new leveraged gold exchange traded funds courtesy from Direxion, the second-largest issuer of inverse and leveraged ETFs, now have new tickers.

The Direxion Daily Gold Bull 3X Shares (NYSEArca: BAR) now trades under the ticker “BAR” while its bearish equivalent, the Direxion Daily Gold Bear 3X Shares (NYSEArca: BARS), is trading with the ticker “BARS.”

The two ETFs, which debuted in April, remain trading on the New York Stock Exchange. BAR and BARS are the first ETFs to provide triple-leveraged bullish and bearish exposure to Comex Gold futures. [New Leveraged Gold ETFs Debut]

BAR and BARS compete with the ProShares UltraShort Gold (NYSEArca: GLL) and the ProShares Ultra Gold (NYSEArca: UGL).

BAR, which previously traded under the ticker, “GLDL,” has lost 9.2% since coming to market. BARS, which previously traded with the ticker “GLDS,” is up 5.2% since its launch.

Direxion is no stranger to leveraged gold ETFs. The Direxion Daily Gold Miners Bull 3X Shares (NYSEArca: NUGT) and the Direxion Daily Gold Miners Bear 3X Shares (NYSEArca: DUST) are the dominant names among leveraged gold mining ETFs. The issuer also launched the Direxion Daily Junior Gold Miners Index Bull 3x Share (NYSEArca: JNUG) and the Direxion Daily Junior Gold Miners Index Bear 3X Shares (NYSEArca: JDST) last year.

 

ETF Trends editorial team contributed to this post.

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