3x ETF Reverse Splits for Russia/Jr Gold Miners

Discussion in 'ETFs' started by ScalperJoe, Dec 15, 2014.

  1. Heads up traders, it's reverse split time for two more Direxion ETFs!

    After the close of markets on December 22, 2014, JNUG (3x Bull Junior Gold Miners) will reverse split 1 for 10, and RUSL (3x Bull Russia) will reverse split 1 for 6.

    Since the outstanding shares for each of these ETFs will decrease by the percentages indicated above, it may be a good time to watch the Russian stock market and the Junior Gold miners for a rally. I have RSX and GDXJ on radar (the single ETF, not the leveraged fund).

    Remember, it's always "buyer beware" when you choose to play a 3x fund, as it is meant to capture the change in value for its respective market for a single day only.

    Here is the link with the announcement...

    http://direxioninvestments.onlineprospectus.net/DirexionInvestments//RUSL/index.html?open=Summary Prospectus