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.
67.58 USD
-2.95 (-4.37%)
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.
Benzinga
Apr 16, 2024
Spot Gold Rises As Tehran Attack Sparks Fear Of Wider Conflict: This ETF (NUGT) Tracks Gold Miners - Direxion Daily Gold Miners Index Bull 2XShares (A...
Spot gold was popping up above 0.5% at one point on Tuesday, propelled by escalating tensions in the Middle East following Tehran's decision to deploy hundreds of drones and missiles toward Israel on Saturday night.
Zacks Investment Research
Apr 10, 2024
Gold's Bull Run Likely to Continue: ETFs to Add More Shine
Investors who are bullish on gold right now may want to consider a near-term long on the precious metal. There are several options in the leveraged gold and gold mining space to make quick profits, as these could see huge gains in a very short time frame compared to simple products.
