JDST - DRXN DLY BR 3X
The Direxion Daily Junior Gold Miners Index Bear 3X Shares (the "ETF") seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Market Vectors Global Junior Gold Miners Index (the "Index").
The Index is composed of equity securities of issuers involved in the exploration and production of gold and does not track changes in the spot price of gold as a commodity.
The ETF, under normal circumstances, creates short positions by investing at least 80% of its assets in: futures contracts; options on securities, indices and futures contracts; equity caps, floors and collars; swap agreements; forward contracts; short positions; reverse repurchase agreements; exchange-traded funds; and other financial instruments that, in combination, provide inverse leveraged and unleveraged exposure to the Index.
Further information: http://www.direxioninvestments.com/products/direxion-daily-junior-gold-miners-bear-3x-etf