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Direxion Daily Jr Gld Mnrs Bull 2X ETF

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About JNUG

Direxion Daily Junior Gold Miners Index Bull 2X Shares is an exchange-traded fund incorporated in the USA. The Fund's objective is daily investment results of 200% of the Market Vectors Junior Gold Miners Index.

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What is JNUG stock?

JNUG lets you double down on gold. It is a leveraged Exchange Traded Fund (ETF) product designed by Direxion.

Also known as Direxion Daily Junior Gold Miners Index Bull 2X Shares, JNUG returns two times (2x) the value of the MVIS Global Junior Gold Miners Index (MVGDXJTR) before fees and expenses on any given trading day.


MVGDXJTR is a market-cap-weighted index of global “junior” gold mining companies. These companies are referred to as “junior” as they are micro, small or mid-cap gold companies. 

All companies within MVGDXJTR derive at least 50% of their revenue from gold or silver mining activities.

What is a leveraged ETF?

A leveraged ETF returns a multiple of earnings or losses seen in an underlying index on any given trading day.

In the case of JNUG, if MVGDXJTR increases 2% in one day, JNUG will return 4%. If MVGDXJTR decreases by 2%, JNUG will result in a loss of 4%.

JNUG and other leveraged ETFs can be bought or sold on an exchange just like any stock.

What’s the difference between JNUG and NUGT?

JNUG’s performance is impacted by the way the MVGDXJTR index behaves. The MVGDXJTR index is made of micro, small or mid-cap gold companies.

NUGT’s performance is impacted by the NYSE Arca Gold Miners Index (GDMNTR), an index made of larger, more mature gold mining companies.

What companies are inside JNUG ETF?

JNUG tracks the performance of the MVGDXJTR index. 

Some of MVGDXJTR’s largest holdings include Pan American (5.51%), Evolution Mining (4.46%), Yamana Gold (4.22%), Merdeka Copper Gold (3.97%), SSR mining (3.44%) Pretium Resources (2.65%) and First Majestic Silver (2.62%).

Is JNUG stock a good buy?

JNUG was designed to be a short-term trading vehicle and is meant to be bought and sold intraday. JNUG is not a long-term buy and hold investment.

More often than not, JNUG is used by financial advisers and professionals who understand the gain and loss impacts of leverage.

As per Direxion’s fact sheet:

“These leveraged ETFs seek a return that is 200% or -200% of the return of their benchmark index for a single day. The funds should not be expected to provide two times or negative two times the return of the benchmark’s cumulative return for periods greater than a day.”

Does JNUG ETF pay a dividend?

JNUG is designed to be held only for short periods. As advised by Direxion, JNUG should only be bought and sold intraday.

As a result, JNUG does not pay a dividend.

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