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DIREXION SHS ET/DAILY JR GOLD MINER faces challenges moving forward

DIREXION SHS ET/DAILY JR GOLD MINER(JNUG) currently trades at $5.12 and has fallen by 21.41% in the past 24 hours. Direxion will now reduce exposure to just two-times their underlying indices. The liquidity crunch has made obtaining triple leverage too costly in the current marketplace, so the company will begin dialing back the leverage starting in May.


Based on this information, investorsQ rates this stock an 2 out of 10. We give it this rating because Leveraged commodities ETFs have gotten crushed in the latest downturn with many being forced to close due to extreme losses and/or early redemption triggers. Several popular 2X ETNs from UBS were forced to shutter after losses in hard hit sectors resulted in year-to-date losses of more than 90% in some cases. Notably, the company’s market cap is $586.58 million with a 52 week high of $105.24 and a 52 week low of $3.32.

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