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.