The Direxion Daily Junior Gold Miners Index Bull 3x Shares (NYSEArca: JNUG) and the Direxion Daily Junior Gold Miners Index Bear 3X Shares (NYSEArca: JDST) have the benefit of first move advantage among leveraged exchange traded funds tracking junior gold miners.

As such, JDST and JNUG are the marquee leveraged equivalents to the popular Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ), but it looks like JDST and JNUG could be getting some competition.

ProShares, the largest issuer of inverse and leveraged ETFs, has filed plans with the Securities and Exchange Commission to introduce three new inverse and leveraged junior miners ETFs, all of which would track the Market Vectors Global Junior Gold Miners Index, GDXJ’s underlying index.

The ProShares Short Junior Gold Miners, if it comes to market, will seek to deliver to the daily inverse performance of the Market Vectors Global Junior Miners Index. That fund is an inverse, but not leveraged product.

The ProShares UltraShort Junior Gold Miners would attempt to deliver twice the daily inverse performance of that index, indicating that the ETF would be the double-leveraged rival to JDST.

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