JNUG - Direxion Daily Jr Gld Mnrs Bull 3X ETF

NYSEArca - NYSEArca Delayed Price. Currency in USD
8.11
-0.35 (-4.14%)
At close: 4:00PM EDT
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Previous Close8.46
Open7.97
Bid8.00 x 1400
Ask8.12 x 800
Day's Range7.88 - 8.36
52 Week Range6.40 - 20.50
Volume14,809,336
Avg. Volume11,950,992
Net Assets718.12M
NAV7.81
PE Ratio (TTM)N/A
Yield0.00%
YTD Return-56.02%
Beta (3y)-0.52
Expense Ratio (net)0.94%
Inception Date2013-10-03
Trade prices are not sourced from all markets
  • ETF Trends4 days ago

    Leveraged Gold ETFs Slough Off Trade Wars

    Leveraged gold ETFs like the Direxion Daily Jr Gld Mnrs Bull 3X ETF (JNUG) and Direxion Daily Gold Miners Bull 3X ETF (NUGT) sloughed off any possible negative effects of the escalating trade war between the United States and China. In less than 24 hours, China responded to the latest salvo of tariffs fired off by U.S. President Donald Trump as Beijing announced it will impose $60 billion worth of tariffs on U.S. goods beginning on Sept. 24. The new round of tariffs from China are said to affect a list of 5,207 products within a range of 5 to 10% as both the U.S. and China have already slapped each other with tariffs worth $50 billion total.

  • ETF Trends9 days ago

    Inflation, Rates, U.S. Dollar Could Set Leveraged Gold ETFs in Motion

    The dollar got some news it didn't want to hear on Thursday when the U.S. Commerce Department reported that the consumer price index (CPI) rose during the month of August albeit at a slower pace than the previous month, reflecting the first slowdown in the past year. Rather than investing in gold directly or trading its spot prices, investors can use leveraged ETFs to amplify their gold plays, such as the  Direxion Daily Jr Gld Mnrs Bull 3X ETF (JNUG) . The Commerce Department reported that the Consumer Price Index (CPI) rose 0.2% during the month of August, but fell short of the expectations set forth by polled economists who forecasted a gain of 0.3%. The prevailing sentiment in the capital markets thus far is that the Federal Reserve is expected to raise the federal funds rate two more times before the end of 2018–whether or not the latest inflation numbers are enough to give pause to that notion remains to be seen.

  • Gold Short Positions Still Growing: Short-Squeeze Rebound Ahead?
    Market Realist25 days ago

    Gold Short Positions Still Growing: Short-Squeeze Rebound Ahead?

    The report comes out every Friday and shows open interest on the previous Tuesday. According to the COT report for the week ended August 24, detailing holdings as of August 21, money managers were net short on gold for the ninth straight week. This net short position in gold is unprecedented.

  • Is It a Good Time to Look at Gold?
    Market Realist26 days ago

    Is It a Good Time to Look at Gold?

    The SPDR Gold Trust ETF (GLD) has fallen ~8.0% year-to-date and ~11.0% from its April peak. The overall sentiment for gold remains quite bearish right now. Plus, it is also a seasonally weaker period for the precious metal, which could give investors an opportunity to buy gold at low levels and hold it as a hedge against economic uncertainty.

  • What’s Driving Analysts’ Revenue Forecasts for Gold Miners?
    Market Realist29 days ago

    What’s Driving Analysts’ Revenue Forecasts for Gold Miners?

    In the previous article, we looked at analysts’ ratings for senior gold mining companies. In this article, we’ll look at analysts’ estimates for those companies’ (GDX) (JNUG) revenues going forward. 

  • Which Gold Miners Could Grow Their Productions Going Forward?
    Market Realistlast month

    Which Gold Miners Could Grow Their Productions Going Forward?

    After making discretionary cuts on exploration and capex for many years, gold miners (GDX) (JNUG) have started to refocus on production growth. Newmont Mining (NEM) has approved eight projects since mid-2014. It’s also still on track to reach commercial production at Subika Underground in the fourth quarter.

  • Could Unprecedented Short Interest in Gold Mean a Bullish Future?
    Market Realistlast month

    Could Unprecedented Short Interest in Gold Mean a Bullish Future?

    The CFTC (Commodity Futures Trading Commission) reports the position of major players in the futures market through its COT (Commitment of Traders) report. This report specifies the positioning of various players in the market. The report is released every Friday and shows the open interest recorded on the previous Tuesday.

  • What to Expect from Agnico Eagle Mines’ Q2 2018 Earnings Call
    Market Realist2 months ago

    What to Expect from Agnico Eagle Mines’ Q2 2018 Earnings Call

    While Agnico Eagle Mines (AEM) has lost 1.4% YTD (year-to-date) until July 13, its performance is still stronger than many of its peers (RING), including Yamana Gold (AUY), Kinross Gold (KGC), Eldorado Gold (EGO), and New Gold (NGD). It has also outperformed the SPDR Gold Shares ETF (GLD) and the VanEck Vectors Gold Miners ETF (GDX). Agnico Eagle is known to deliver consistent results throughout its cycles.

  • A Look at Goldcorp’s 20/20/20 Growth Plan in Q2 2018
    Market Realist2 months ago

    A Look at Goldcorp’s 20/20/20 Growth Plan in Q2 2018

    After underperforming its peers in 2017, Goldcorp (GG) stock has outperformed YTD (year-to-date). It’s also one of the few major gold stocks to have recorded a positive return YTD performance of 3.6% as of July 13.

  • ETF Trends2 months ago

    Gold Miners ETFs: Poised for Something Big?

    As has been documented, gold prices have faltered over the past several months. An interesting element in that scenario is that gold miners ETFs, such as the VanEck Vectors Gold Miners ETF (NYSEArca: GDX ), the largest exchange traded fund dedicated to gold mining stocks, have performed less poorly than ETFs focusing on physical gold. GDX is comprised of global gold miners, with a notable tilt toward Canadian and U.S. mining companies.

  • Does Speculative Positioning Imply that Gold’s Bottom Is Near?
    Market Realist2 months ago

    Does Speculative Positioning Imply that Gold’s Bottom Is Near?

    The CFTC (Commodity Futures Trading Commission) reports the position of major players in the futures market through its COT (Commitment of Traders) report. According to the COT report for the week ended June 26, 2018, money managers were barely net long on gold with just over 4,000 net speculative long contracts. According to Commerzbank, “Short positions, in particular, were built up, which means speculative financial investors are currently betting heavily on falling prices.” For the week ended June 3, money managers kept their positions almost unchanged, which implies the lowest levels of net long positioning since late 2015 when gold prices dipped below $1,050 per ounce.

  • US Consumers and Businesses Feel Heat of Trade Spats
    Market Realist2 months ago

    US Consumers and Businesses Feel Heat of Trade Spats

    As we’ve discussed previously in this series, the escalating trade tensions haven’t been able to support gold much in 2018 mainly due to the simultaneous appreciation in the US dollar (USDU), which has capped gold’s gains. While the index for current conditions came in as expected, the sentiment over future business conditions and income prospects declined. Investors should note that consumer spending (XLY) constitutes more than two-thirds of the US economy.

  • Reading between the Lines: Fed Minutes and Implications for Gold
    Market Realist2 months ago

    Reading between the Lines: Fed Minutes and Implications for Gold

    The Federal Reserve released the minutes of its June meeting on July 5. The Fed raised interest rates (TLT) by 25 basis points to 1.75% to 2.0% at its June meeting, the second time in 2018. The committee listed the strong labor market, federal tax and spending policies, and high levels of household business confidence as positive factors supporting US economic growth.

  • How Growing European Political Risks Could Pressure the Markets
    Market Realist3 months ago

    How Growing European Political Risks Could Pressure the Markets

    Germany’s chancellor, Angela Merkel, is facing a political crisis as its coalition partner, CSU (Christian Social Union), is opposing her stance on immigration. Seehofer is proposing to block refugees who have registered in another European country to enter Germany. Merkel has until June 28 to strike a deal with her fellow EU (European Union) leaders and satisfy the hardliners at home.

  • Why Eldorado Gold Became the Least Impressive Gold Stock
    Market Realist3 months ago

    Why Eldorado Gold Became the Least Impressive Gold Stock

    Eldorado Gold (EGO) is one of the few gold stocks that have seen rapidly deteriorating sentiments from analysts in the last year. Currently, only 15% of the 13 Wall Street analysts covering it rate it as a “buy.” This stands in sharp contrast to the ~78% “buy” ratings it had almost a year ago. Eldorado Gold stock suffered a great deal in 2017 due to its standoff with the Greek government and some technical issues at its mines in Turkey.

  • Which Miners Moved Alongside Gold? Comparing Correlation
    Market Realist4 months ago

    Which Miners Moved Alongside Gold? Comparing Correlation

    In this part of the series, we’ll analyze mining stocks’ correlation with gold. Gold dominates the four precious metals, and silver, platinum, and palladium are known to closely track its movement.

  • Factors that Could Drive Goldcorp’s Costs Down by 20%
    Market Realist5 months ago

    Factors that Could Drive Goldcorp’s Costs Down by 20%

    Can Goldcorp Continue Its Outperformance after a Weak 1Q18? Goldcorp (GG) achieved AISC (all-in sustaining costs) of $810.00 per ounce in 1Q18, which was 1.3% higher YoY (year-over-year) and 6.9% lower sequentially. In line with its expectations for production, the company expects its AISC to remain at the higher end of the guidance range for 2Q18 as well, which should decrease to come in at the lower end of the range in 2H18.

  • Could Goldcorp’s Strong Vision Keep Its Stock Buoyant after 1Q18?
    Market Realist5 months ago

    Could Goldcorp’s Strong Vision Keep Its Stock Buoyant after 1Q18?

    After underperforming its peers in 2017, Goldcorp’s (GG) stock has outperformed YTD (year-to-date). It’s also one of the few major gold stocks to have recorded a positive return YTD performance of 12.5% as of April 17. In comparison, the VanEck Vectors Gold Miners ETF (GDX) has fallen 1.5% while the iShares Gold Trust (GLD) has gained 3.0%. Peers Barrick Gold (ABX), Kinross Gold (KGC), and Agnico Eagle Mines (AEM) have fallen.

  • Are Equity Markets’ Valuations Stretched?
    Market Realist5 months ago

    Are Equity Markets’ Valuations Stretched?

    The International Monetary Fund (or IMF) also warned that the downside risks to world financial stability have increased over the past six months. In this context, it added, “Valuations of risky assets are still stretched, with some late-stage credit cycle dynamics emerging, reminiscent of the pre-crisis period.” This it believes could lead to the unwinding of risks, leading to higher risk premiums and repricing of risky assets. The IMF’s view of US equity markets is similar to that of Morgan Stanley’s (MS).

  • ETF Trends5 months ago

    Junior Gold Miners ETF is Ready to Takeoff

    The VanEck Vectors Gold Miners ETF (NYSEArca: GDXJ), the second-largest exchange traded fund tracking gold miners equities, is 3.4% over the past week and some market observers believe the small-cap miners ...

  • Why Gold Mining ETFs Are Rallying
    Zacks5 months ago

    Why Gold Mining ETFs Are Rallying

    Inside a few reasons that explain the recent rally in gold mining ETFs.

  • What Could Support Gold Prices in 2018
    Market Realist6 months ago

    What Could Support Gold Prices in 2018

    Gold Price Drivers: The Fed, Trade War Fears, the US Dollar

  • Why Kinross Gold Is Underperforming Peers after a Strong 2017
    Market Realist6 months ago

    Why Kinross Gold Is Underperforming Peers after a Strong 2017

    How Analysts View Gold Miners as Gold Weakens

  • Stocks rebound in late trading
    Yahoo Finance6 months ago

    Stocks rebound in late trading

    The Dow rebounding a bit here, but the big story is still Facebook - with the latest scandal nowhere near dying down.

  • ETF Trends6 months ago

    Options Traders Target Gold Miners ETF

    The VanEck Vectors Gold Miners ETF (NYSEArca: GDX), the largest exchange traded fund dedicated to gold mining stocks, is essentially flat over the past month, but options traders have recently taken increased ...