Direxion Daily Junior Gold Miners Index Bear 2X ETF
JDST
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York NY United States of America 10019
- IPO Date
- Oct 3, 2013
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the inverse (or opposite) of the performance of the MVIS Global Junior Gold Miners Index for a single trading day. The fund provides leveraged inverse exposure to a cap-weighted index comprising global micro-, small-, and mid-cap junior gold and silver mining companies primarily from developed and emerging markets, including Canada, Australia, the United States, South Africa, and Mexico, where companies derive at least 50% of revenues or assets from gold or silver mining activities; it achieves its objectives through financial derivatives such as swap agreements rather than direct investments in commodities or physical assets. Launched on October 3, 2013, and managed by Rafferty Asset Management, LLC under the Direxion brand, JDST operates with a net expense ratio of 0.89% (excluding certain costs like acquired fund fees) and trades on the NYSE Arca exchange, targeting sophisticated tactical traders who actively monitor positions due to daily leverage resets and heightened volatility. Direxion, the brand issuer founded in 1997 and headquartered in New York, New York, with additional offices in the United States and Hong Kong, specializes in a broad lineup of daily leveraged and inverse ETFs across sectors including equities, commodities, fixed income, and single stocks; notable offerings include its Daily Junior Gold Miners Index Bull 2X Shares (JNUG) counterpart, as well as recent expansions like daily leveraged and inverse single-stock ETFs for Ford (F) launched in July 2025, Boeing (BA), and Exxon Mobil (XOM) in April 2025. The firm, advised by Rafferty Asset Management, LLC, manages approximately $50.6 billion in assets as of June 30, 2025, and serves institutional and retail investors seeking amplified short-term directional exposure. In recent operational developments, JDST underwent a reverse stock split effective July 1, 2024, to adjust its share structure amid market conditions; Direxion also introduced an ETF Alert Service in January 2024 for real-time price and volume notifications via text. On the corporate front, Direxion appointed Mo Sparks as Chief Product Officer in April 2025 to drive product innovation and selected SS&C ALPS Distributors in 2024 to enhance medallion distribution services for its ETF and mutual fund lineup, bolstering its distribution strategy and growth. These changes complement Direxion's ongoing launches of new leveraged products and closures of underperforming ETFs, such as OOTO and CLDL in June 2025, reflecting active portfolio management in a competitive leveraged ETF landscape.