Direxion announced on Thursday after the close:
"...effective immediately, daily creation orders in the Direxion Daily Junior Gold Miners Index Bull 3X Shares leveraged exchange traded fund (Ticker: JNUG) are temporarily suspended until further notice."
This essentially turns the ETF into a closed-end fund, where the NAV (Net Asset Value) becomes key, and the JNUG moves from premium/discount to the NAV, like all closed-end funds do.
This is a rare situation that doesn’t usually last long, but JNUG holders should be aware that the game has changed. Keep an eye on the Direxion website for resumption of business-as-usual, or other news.http://www.direxioninvestments.com/pres ... -3x-shares