The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Market VectorsTM Junior Gold Miners Index.
The fund creates short positions by investing at least 80% of its assets in: futures contracts; options on securities, indices and futures contracts; equity caps, floors and collars; swap agreements; forward contracts; short positions; reverse repurchase agreements; exchange-traded funds ("ETFs"); and other financial instruments. The index tracks the performance of Small and mid capitalization companies in the global gold and silver mining industry. The fund is non-diversified.
Exchange Traded Fund
ETF
Exchange Traded Funds
Index Fund
Leveraged ETF
Ultra ETF
Inverse ETF
Bear Market ETF
Silver Exchange Traded Product
Repurchase Agreement
Forward Contract
Silver Mining
Silver Mining Industry