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
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