As a leveraged ETF, JNUG is not a source of refuge.
Entering Wednesday, JNUG was the top performer on a month-to-date basis among Direxion's leveraged bullish ETFs.
The money hasn't been easy for traders because JNUG has been far away the most volatile of Direxion's leveraged bull funds over the past month, but that isn't keeping traders away and that may be why some traders are taking profits in the fund.
The Direxion Daily Junior Gold Miners Index Bull 3X Shares (JNUG
) seeks to achieve daily investment results, before fees and expenses, of 300% of the performance of the Market Vectors Junior Gold Miners Index.