JNUG underwent a 1-for-10 reverse split on Dec. 23, but the ETF has tumbled 76.2% over the past six months.
Making matters worse when it comes to the triple-leveraged gold miners ETFs is what some traders are dumping to get involved with JNUG and NUGT. For example, $5.3 million was yanked from the Direxion Daily Gold Miners Bear 3X Shares (NYSEArca: DUST) last Friday, a total exceed by just two of Direxion’s other leveraged bear funds, according to issuer data.
DUST and the Direxion Daily Junior Gold Miners Index Bear 3X Shares (NYSEArca: JDST) are up an average of 97% over the past month, but since the start of July, traders have pulled a combined $84 million from those ETFs.
Direxion Daily Gold Miners Bear 3X Shares
