FMP
Direxion Daily Gold Miners Index Bull 2X Shares
NUGT
AMEX
The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, ETFs that track the index, securities of the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is a comprised of publicly traded companies that operate globally in both developed and emerging markets, and are involved primarily in mining for gold and, in mining for silver. It is non-diversified.
71.69 USD
4.11 (5.73%)
Historical Prices
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About
ceo
N/A
sector
Financial Services
industry
Asset Management - Leveraged
website
N/A
exchange
AMEX
Description
The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, ETFs that track the index, securities of the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is a comprised of publicly traded companies that operate globally in both developed and emerging markets, and are involved primarily in mining for gold and, in mining for silver. It is non-diversified.
CIK
0001424958
ISIN
US25460G7815
CUSIP
25460E844
Address
N/A
Phone
NA
Country
US
Employee
N/A
IPO Date
Dec 8, 2010
Sector Weightings
Country Weightings
Financial Statement
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Earnings
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NUGT Financial Summary
ISIN
US25460G7815
Exchange
AMEX
Beta
1.11
Market Cap
518.79M
52-Week
34.08-81
Volume Avg.
1.58M
Price
71.69
Country
US
Management Assets
590.74M
Total Holdings
11
NAV
43.74
NAV Currency
USD
Upgrades and Downgrades
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Discounted Cashflow Model
Discounted Cashflow Model Levered
Free Cashflow Build-Up
Terminal Value
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Weighted Average Cost of Capital
Market Information
Stock Value
Latest NUGT News
Seeking Alpha
Aug 22, 2024
NUGT: Expect Gold Rally To Continue After The Fed Cut
NUGT is a leveraged ETF that aims to provide investors with a 2x return on gold miner stocks, but its leverage on gold price is much higher. The outlook for the gold price is bright, driven by rate cuts and fund rotation, as well as weaker outlook for other commodities. The ETF is highly volatile and not suitable for long-term investments due to its daily rebalancing and compounding effects.
Zacks Investment Research
Aug 21, 2024
5 Bullish ETF Ways to Play Gold Strength
The yellow metal hit a new all-time high of $2,521.00 per ounce driven by a weak dollar and safe-haven demand, with many analysts expecting more upside in the months ahead.
ETF Trends
Aug 13, 2024
Fading Recession Fears Could Prop Up Gold Miners
Recession fears have been leading to increased volatility, especially in the major stock market indexes as of late. However, as economic data starts to quell those fears, it can also help gold prices.
ETF Trends
Jul 13, 2024
NUGT & DUST: Prospecting Precious Metal Miners
Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.
ETF Trends
Jun 10, 2024
Upside or Downside, There Are Opportunities in Gold Miners
Gold prices are up 13% for the year, but different market experts are forecasting varying scenarios for the precious metal moving forward. Nonetheless, whether prices head up or down and regardless of how it effects miners, traders can play the moves with leveraged exchange traded funds (ETFs).
Seeking Alpha
Jun 10, 2024
NUGT: CPI Could Matter More Over The Next Couple Of Weeks
The jobs data was hotter than expected, which accentuated the higher for longer situation that the US finds itself in. For gold, which offers no direct cash yield and costs to keep custody of, this is bearish. Miners are correlated to gold, and we think that while mostly already assumed, a belligerent inflation figure may cause some more downside action.
ETF Trends
May 29, 2024
3 Ways Leveraged ETFs Help Traders Navigate Markets
Navigating capital markets requires intangible tools like intuition, mental acuity, and even a bit of luck. Then comes the tangible tools to maximize profit, like leveraged ETFs, which can help traders in a variety of ways.
ETF Trends
May 14, 2024
Top Performing Leveraged/Inverse ETFs: 05/12/2024
These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
