NUGT - Direxion Daily Gold Miners Index Bull 3X Shares
32.82 -0.13 (-0.39%)
After hours: 5:22PM EDT
| Previous Close | 30.30 |
| Open | 30.75 |
| Bid | 32.80 x 1000 |
| Ask | 32.90 x 800 |
| Day's Range | 30.52 - 33.49 |
| 52 Week Range | 11.80 - 45.10 |
| Volume | 12,728,301 |
| Avg. Volume | 11,052,579 |
| Net Assets | 1.6B |
| NAV | 30.26 |
| PE Ratio (TTM) | N/A |
| Yield | 0.27% |
| YTD Return | 73.93% |
| Beta (3Y Monthly) | -0.34 |
| Expense Ratio (net) | 1.23% |
| Inception Date | 2010-12-08 |
- ETF Trends
China’s Influence is Growing on the Global Gold Market
As more investors shift to a risk-off mindset and embrace gold, China’s influence is growing on the global market for the precious metal. Acknowledging China’s increasing presence in the world gold market, the CME Group, a leading futures and derivatives exchange, is expanding its market offerings with the launch of two new gold futures products in October.
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8 High-Flying Leveraged ETFs YTD
We highlighted eight leveraged equity ETFs that piled up more than 70% returns in the year-to-date time frame.
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Zacks Market Edge Highlights: AngloGold, Barrick Gold, Royal Gold, SPDR Gold and Direxion 3x Gold Miners
Zacks Market Edge Highlights: AngloGold, Barrick Gold, Royal Gold, SPDR Gold and Direxion 3x Gold Miners
- Zacks
Gold is Hot: Should Investors Be Buying?
The yellow metal is again in the news as its hitting new multi-year highs and the mining stocks are among the hottest on the Street.
- Zacks
5 Leveraged/Inverse ETFs That Gained Double Digits in August
Investors are rushing to leveraged or inverse leveraged ETFs to increase returns on quick market turns in a short span.
- Market Realist
Trump, Trade War, Powell: More Upside for Gold Prices?
Gold hit a fresh six-year high on Friday as trade tensions between the US and China escalated. The SPDR Gold Shares ETF (GLD) closed up 2%.
- ETF Trends
Gold Pushes Past $1,550 for First Time in 6 Years
With the capital markets uncertain on how to approach equities with trade wars and inverted yield curves on the horizon, its increased the taste for safe-haven assets like gold exchange-traded funds (ETFs). In Monday's trading session, gold was up more than 1 percent to pass the $1,550 per ounce price mark for the first time in more than six years. U.S. gold futures were up 0.1% at $1,538.90.
- Market Realist
Gundlach: Fed Has Lost Control—Where Is He Investing?
Amid the trade war, weakening economic indicators, and the yield curve inversion, Jeffrey Gundlach believes the Fed has lost control of interest rates.
- ETF Trends
$2,000 Price Level a Possibility for Gold
As Treasury yields continue to skydive, gold price levels could go through the roof as the scrambler for safe haven assets continues amid the latest market volatility as trade wars between the U.S. and China rage on. This could provide more gains for gold-focused exchanged-traded funds (ETFs) as analysts are predicting that the precious metal could shoot past the $2,000 per ounce price mark. The weakness in the U.S. dollar caused gold to climb, but the case for the precious metal is also coming from the bond markets.
- Benzinga
Gold 's Rally Has This Popular ETF Shining
Gold and the related exchange-traded funds are breaking out and miners are going along for the ride. Of course, the Direxion Daily Junior Gold Miners Index Bull 3X Shares (NYSE: JNUG) is getting in on the act. JNUG, which tries to deliver triple the daily returns of the MVIS Global Junior Gold Miners Index (MVGDXJTR), is higher by about 60% over the past month.
- Market Realist
Bond Yields Sink, Gold ETFs Soar on Rising Recession Fears
Today, bond yields are sinking and stock markets are tanking as markets become fearful of an upcoming recession.
- ETF Trends
Best ETF Plays in Government Bonds, Volatility ETFs, Leveraged Gold
With U.S. markets in the red, investors are looking to ETF safety of government bonds with the CBOE Volatility Index (VIX) currently sitting at 22.79, up 5.18 (29.42%) as of 2:30 pm ET Monday. Investors ...
- ETF Trends
Choose Your Trading Weapon: Gold, Silver or Bitcoin
With earnings recession worries in the U.S. paired with a global economic slowdown, talk of alternative assets are permeating the capital markets more often than not, making way for a three-way battle between gold, silver and leading digital currency Bitcoin. Silver has rallied to new highs as of late, but some think the steam will eventually run out on the precious metal.
- ETF Trends
Gold Bulls Lying in Wait for End-of-Month Rate Cut
As the Federal Reserve ponders a possible rate cut following its meeting near the end of the month, gold bulls are lying in wait and ready to pounce with leveraged exchange-traded funds (ETFs). Funds like the Direxion Daily Gold Miners Bull 3X ETF (NUGT), VanEck Vectors Gold Miners (GDX) and the Direxion Daily Jr Gold Miners Bull 3X ETF (JNUG) are certainly in play. “Gold, for most parts, is steady as we are on hold until we get to the Fed meeting.
- Market Realist
Which Gold Stocks Could Surprise Markets in Q2?
After the turnaround in gold prices that began at the end of 2018, the fortunes for gold stocks are also looking brighter.
- Market Realist
Which Gold Stocks Do Analysts Love and Hate?
Gold price’s reversal this year has created opportunities in gold stocks. The SPDR Gold Shares ETF (GLD) had gained 11% year-to-date as of Friday.
- Market Realist
Dalio’s Answer to the End of the Lower-Rate Era Is Gold
Ray Dalio mentioned in a LinkedIn post on Wednesday that it's important for investors to explore the market paradigm in which they're currently operating.
- Market Realist
Will Gold Miners Soar in the Second Half as Gold Rises?
Gold prices have seen a reversal in the last month or so. The SPDR Gold Shares ETF (GLD) gained 8.0% in June alone.
- ETF Trends
Fed Chair Compares Bitcoin to a Gold Alternative
Bitcoin has been dubbed "digital gold" by cryptocurrency and capital markets alike, but the leading digital coin was deemed as an alternative to the precious metal by Federal Reserve Chairman Jerome Powell. Furthermore, Powell likened gold to Bitcoin as a speculative form of value. Additionally, the Fed chair was quick to dismiss digital currency as an alternative form of payment.
- ETF Trends
Powell Says No To Gold Standard
When gold was first discovered at Sutter's Ranch in 1848, it inaugurated the Gold Rush to California. Then in 1861, Treasury Secretary Salmon Chase printed the first U.S. paper currency. As a rare metal, valued since ancient times, The Gold Standard Act established gold as the only metal for redeeming paper currency. It set the value of gold at $20.67 an ounce.
- Market Realist
Why Trump’s Fed Picks Boosted Gold and ETFs
On July 2, President Trump nominated Judy Shelton to the Fed’s board. Shelton is an advocate of the gold standard.
- ETF Trends
Gold Prices Take a Breather, but More Gains Could Be Ahead
The market expectation of future rate cuts by the Federal Reserve saw gold surpass its 5-year high last week after the central bank said it “will act as appropriate to sustain” economic expansion. Gold prices took a breather by falling below the $1,400 price level to start the trading week, but it could be the precursor to more gains ahead. “What we’re likely to see is some interest in terms of the share price rising, but we’re also going to see a rush of companies running to their bankers hoping to raise money with this increase in the gold price,” said Brent Cook of Exploration Insights.
- Market Realist
Why Wall Street Loves These Five Gold Stocks
Among miners, Eldorado Gold (EGO), New Gold (NGD), IAMGOLD (IAG), and Barrick Gold (GOLD) have seen the highest gains of 50.6%, 44.4%, 40.3%, and 36.4%, respectively.
