The Direxion Daily Junior Gold Miners Index Bull 3x Shares (NYSEArca: JNUG) and the Direxion Daily Gold Miners Bull 3X Shares (NYSEArca: NUGT) are off 19.3% and 22.8%, respectively, today with each hitting 52-week lows. Struggling to hold the $4 area, NUGT looks like a viable candidate for a reverse split, an offense committed by JNUG in December. [Finally, a Reverse Split for JNUG]
JNUG underwent a 1-for-10 reverse split on Dec. 23, but the ETF has tumbled 76.2% over the past six months.
Direxion Daily Gold Miners Bull 3X Shares
Tom Lydon’s clients own shares of GLD.