Summary
DUST Chart
DUST: Good For Volatility-Seekers, But Not An Investment
The Direxion Daily Gold Miners Index Bear 2X Shares ETF is designed for short-term traders to exploit gold price pullbacks, but not suitable for long-term bearish bets. The recent pullback in gold prices may be partly attributable to new production coming online from Artemis Gold's Blackwater property and Sierra Madre's Coloso project. Despite short-term pullbacks, I remain bullish on gold long-term and rate DUST as a Hold, suitable only for risk-seeking, short-term traders.
This Bearish Miners ETF Jumps 13% on Gold's Weakness
Gold's rise to a 30% year-to-date gain may not have been easily predicted ahead of 2024. But at some point, it will dip.
DUST: Inverse Exposure If Bearish On Gold Miners
Direxion Daily Gold Miners Index Bear 2X Shares ETF offers leveraged inverse exposure to gold miners, aiming for -200% daily returns of the NYSE Arca Gold Miners Index. The DUST ETF uses swaps and futures contracts instead of owning gold mining stocks, making it suitable for short-term bets against gold miners. High fees and daily resets make DUST risky for long-term holds, but it can be a useful hedge or speculative tool for tactical traders.
Direxion Daily Gold Miners Index Bear 2X Shares Dividends
 DUST In 1 month Estimated | Quarterly | $0.23 Per Share |
| DUST 1 month ago Paid | Quarterly | $0.23 Per Share |
| DUST 4 months ago Paid | Quarterly | $0.53 Per Share |
| DUST 7 months ago Paid | Quarterly | $0.37 Per Share |
| DUST 10 months ago Paid | Quarterly | $0.59 Per Share |
| DUST 25 Jun 2024 Paid | Quarterly | $0.96 Per Share |
Direxion Daily Gold Miners Index Bear 2X Shares Earnings
| DUST In 1 month Estimated | Quarterly | $0.23 Per Share |
| DUST 1 month ago Paid | Quarterly | $0.23 Per Share |
| DUST 4 months ago Paid | Quarterly | $0.53 Per Share |
| DUST 7 months ago Paid | Quarterly | $0.37 Per Share |
| DUST 10 months ago Paid | Quarterly | $0.59 Per Share |
| DUST 25 Jun 2024 Paid | Quarterly | $0.96 Per Share |
Direxion Daily Gold Miners Index Bear 2X Shares (DUST) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Direxion Daily Gold Miners Index Bear 2X Shares ever had a stock split?
Direxion Daily Gold Miners Index Bear 2X Shares Profile
| ARCA Exchange | US Country |
Overview
The index consists of publicly traded common stocks, American Depositary Receipts (ADRs), or Global Depositary Receipts (GDRs) representing companies primarily engaged in the mining of gold and to a lesser extent, silver. These companies operate on a global scale, extending their services and operations through both developed and emerging markets. The fundamental strategy of this index revolves around providing investors with exposure to the gold and silver mining sector, leveraging the inherent value and market dynamics associated with precious metals.
Products and Services
- Swap Agreements
These financial instruments involve the exchange of one set of financial assets or cash flows for another, based on the specifications agreed upon by the parties involved. Within this context, swap agreements are tailored to capture the inverse or short exposure of the gold and silver mining market's daily performance, aligning with the index's strategic investment objective.
- Futures Contracts
A futures contract is a legal agreement to buy or sell a particular commodity asset, or financial instrument, at a predetermined price at a specified time in the future. By investing in futures contracts that are directly tied to the performance of gold and silver mining indices or ETFs tracking these indices, the fund aims to achieve 2X daily inverse or short exposure to the market, providing an investment mechanism that is congruent with its overarching goal.
- Short Positions
Short positions involve the selling of an asset that the seller does not own at the time of the transaction, with the intention of purchasing the asset back at a lower price in the future. This approach is employed to capitalize on the anticipated decline in the price of gold and silver mining stocks, ETFs, or indices. By incorporating short positions, the fund seeks to fulfill its investment objective by benefiting from market downturns within the mining sector.
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