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).