JDST Stock Summary and Trading Ideas (Direxion Daily Junior Gold Miners Index Bear 2X | ARCA:JDST)

The Fund seeks daily investment results, before fees and expenses, of 200% of the inverse (or opposite) of the performance of the Market Vectors Junior Gold Miners Index. Fund tracks a commodity related equity index, consisting of a basket of junior gold miner related stocks.

Direxion Daily Junior Gold Miners Index Bear 2X trades on the ARCA stock market under the symbol JDST.

As of April 19, 2024, JDST stock price declined to $4.11 with 10,474,446 million shares trading.

JDST has a beta of -1.44, meaning it tends to be less sensitive to market movements. JDST has a correlation of 0.07 to the broad based SPY ETF.

JDST has a market cap of $106.99 million. This is considered a Micro Cap stock.

In the last 3 years, JDST stock traded as high as $18.89 and as low as $3.65.

JDST has underperformed the market in the last year with a return of -21.3%, while the SPY ETF gained +21.2%. In the last 3 month period, JDST fell short of the market, returning -38.4%, while SPY returned +3.0%. However, in the most recent 2 weeks JDST has outperformed the stock market by returning -1.9%, while SPY returned -4.5%.

JDST support price is $4.00 and resistance is $4.42 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that JDST stock will trade within this expected range on the day.