The Direxion Daily Gold Miners Index Bull 3X Shares will undergo a 1-for-10 reverse split that takes effect at the opening bell on Sept. 10. As many of you know, JDST and JNUG are doing a reverse split … It's typically used for intra-day trades and short-term swings.The problem with JDST and other etfs like it is they are so volatile, they are more difficult to predict than the rest of the market. Press question mark to learn the rest of the keyboard shortcutsCookies help us deliver our Services. The 1-10 reverse split was announced on Wednesday, April 8th 2020. Past performance is not indicative of future results.The recent pandemic spread of the novel coronavirus known as COVID-19 has proven to be a market disrupting event. Diego St. John 413 views 15:05 Approximate decrease in total number of outstanding shares. Shares of the Funds will begin trading on the NYSE Arca, Inc. (the "NYSE Arca") on a split-adjusted basis on The next day's opening market value of the Funds' issued and outstanding shares, and thus a shareholder's investment value, will not be affected by the reverse split. In addition, the per share net asset value ("NAV") and next day's opening market price will be approximately thirty-five-, twenty-five-, ten-, eight-, or five-times higher for the Funds. 5 Day Net Flows: 18.36 M 1 Month Net Flows: 52.31 M 3 Month Net Flows: 102.51 M 6 Month Net Flows: 66.27 M 1 Year Net Flows: 71.92 M 3 Year Net Flows: 70.56 M 5 Year Net Flows: 198.73 M 10 Year Net Flows: 210.31 M It's not recommended for long-term holds in general (regardless of a split), and presents a number of risks that don't apply to stocks and unleveraged ETFs. Do you think it'll go up at all next week tho?Penny stocks available to trade in the RobinHood mobile stock trading app.Looks like you're using new Reddit on an old browser. I also believe gold production should have slowed down, and the rise of jnug makes no sense to me. Fund Name. DTC is the registered owner of the Funds' shares and maintains a record of each Fund's record owners.Leveraged ETFs are not suitable for all investors and should be utilized only by investors who understand the risks associated with seeking daily leveraged and inverse investment results, and intend to actively monitor and manage their investments.
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EconPapers. Direxion has announced it will execute a reverse split of the issued and outstanding shares of twelve ETFs (each, a "Fund" and collectively, the "Funds"). I am fairly new to trading. ThanksThere's nothing special about the upcoming reverse split that should encourage you to hold/sell/increase your position (except maybe making sure you have a round number of shares - being forced to exit part of your position at NAV isn't advantageous).That said, JDST is a leveraged inverse ETF. Direxion has announced it will execute forward share splits for two of its exchange-traded funds ("ETFs"), as well as reverse share splits for an additional two ETFs.
Curious to see how it will react to the news of the split though.I’m confused do you think a split is a good thing for your investment?Get out while you can lol, the reverse split is not in your favorYeah. I, unfortunately, bought JDST at 2.10 and I am currently down 25%.

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