DUST
DIREXION DAILY GOLD MINERS INDEX BEAR 2X SHARES
$30.61-5.93% today
3118152-WK
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET +$324M OVER THIS RANGE
The desk’s read
Money keeps arriving — +$52M of net buying over the past month, about 69.1% of the fund's asset base, while the price has returned -59.0% so far this year.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
$75Massets under management
—expense ratio
+$52Mnet flow, trailing month
1.1Mavg daily volume, 30 days
1holdings · US-domiciled
2024listed May 13, 2024
Performance
| 1 week | -26.3% |
| 1 month | -51.1% |
| 3 months | -44.0% |
| 6 months | -32.7% |
| YTD | -59.0% |
| 1 year | -83.1% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
Net flows
| 1 week | +$22M |
| 1 month | +$52M |
| 3 months | +$17M |
| YTD | −$596M |
| 1 year | +$324M |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
Monthly net flows
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
114%realized volatility, 30 days (annualized)
100%realized volatility, 1 year
-83.1%deepest fall from a peak, 1 year
-83.1%where it sits vs. that peak today
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Options tape
1Kcalls today
250puts today
0.18put/call ratio
3.2Mshares traded
The case against DUST
Due diligence cuts both ways. These funds sit on the same shelf and beat DUST on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| GLD SPDR Gold Shares | 0.40% | $146B | +$4.4B | 1935× the assets · +$4.4B in over the month | Head-to-head |
| SLV iShares Silver Trust | 0.50% | $38.5B | — | 511× the assets | Head-to-head |
| RING iShares MSCI Global Gold Miners ETF | 0.39% | $2.4B | −$386M | 32× the assets | Head-to-head |
| SLVP iShares MSCI Global Silver and Metals Miners ETF | 0.39% | $978M | −$10M | 13× the assets | Head-to-head |