Getting it Wrong With Junior Miners ETFs, Too

The almost $6.8 million added to JNUG was the third-best total among Direxion’s leveraged ETFs, according to issuer data.

Unfortunately, traders pulled over $32 million combined from the Direxion Daily Gold Miners Bear 3X Shares (NYSEArca: DUST) and the Direxion Daily Junior Gold Miners Index Bear 3X Shares (NYSEArca: JDST). Coming into Thursday, DUST and JDST were up 80% and 76.7%, respectively, just this month. With today’s gains, DUST has more than doubled in July while JDST is up more than 86%. [Trouble for Gold Miners ETFs is Coming]

Again unfortunately, 30-day data from Direxion indicate traders have been pulling from DUST but adding capital to JNUG and NUGT.

Direxion Daily Gold Miners Bear 3X Shares