NUGT - Direxion Daily Gold Miners Index Bull 3X Shares
| Previous Close | 29.07 |
| Open | 28.92 |
| Bid | 28.89 x 1000 |
| Ask | 28.89 x 2200 |
| Day's Range | 28.76 - 29.26 |
| 52 Week Range | 10.56 - 29.80 |
| Volume | 2,064,844 |
| Avg. Volume | 9,389,370 |
| Net Assets | 1.29B |
| NAV | 29.14 |
| PE Ratio (TTM) | N/A |
| Yield | 0.40% |
| YTD Return | 67.52% |
| Beta (3Y Monthly) | 0.15 |
| Expense Ratio (net) | 1.23% |
| Inception Date | 2010-12-08 |
- ETF Trends•6 days ago
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•13 days ago
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•13 days ago
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•18 days ago
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.
- Market Realist•18 days ago
Have Gold’s Fortunes Changed for Good after Hitting $1,400?
After remaining soft for the first five months of the year, gold prices (GLD) have seen a sudden turnaround since the end of May.
- ETF Trends•18 days ago
Gold Versus Bitcoin: Who Comes Out on Top?
Leading cryptocurrency Bitcoin, dubbed "digital gold," is having astronomical gains this year, but the precious metal itself has been maintaining its status as a go-to safe haven with its latest price increases as well--who comes out on top? Bitcoin recently broke through the $13,000 price barrier, rising to its highest level in 17 months on Wednesday. This new group helps highlight how Bitcoin and crypto adoption is spreading,” said Michael Moro, CEO of digital currency trading platform Genesis Global Trading.
- Zacks•19 days ago
5 Best Leveraged ETFs of June
While volatility and uncertainty prevail, the bullish fundamentals have resulted in huge demand for leveraged ETFs as investors seek to register big gains in a short span.
- Market Realist•21 days ago
Gold Breaches $1,400: What’s the Next Stop?
Gold is now trading close to a six-year high following the Fed’s dovish pivot at its June policy meeting. After being range bound for the last five years, gold has finally broken out and its outlook is bullish.
- Investopedia•21 days ago
Gold Miner ETFs Glitter as Geopolitical Tensions Mount
Gold regained its shine on Friday after Trump's surprise Mexico tariff tweet. Profit from global uncertainty using these three ETFs.
- ETF Trends•22 days ago
Bitcoin up 170% for the Year as It Crosses $11,000
Leading cryptocurrency Bitcoin crossed the $11,000 mark on Monday to hit a 15-month high amid the hype over social media giant Facebook and its latest cryptocurrency offering. Overall, Bitcoin is up 170 percent for the year to help erase memories of its unceremonious crash last year after reaching $20,000 in late 2017. Instead of checking their banks to ensure their direct deposit went through, Facebook employees could open their cryptocurrency wallets on pay day as the social media giant will be rolling out its own digital currency soon.
- Market Realist•25 days ago
Gold Prices Surpass $1,400 and Gold ETFs Surge
Gold futures registered their single largest one-day jump of 2.8% on June 20 following the Fed’s dovish stance at its June meeting. While the Fed kept rates unchanged, it hinted at future rate cuts if the conditions warrant them, which sent gold prices soaring.
- ETF Trends•25 days ago
Prospect of Future Rate Cuts Sends Gold Past 5-Year High
To an optimistic capital market, that meant the door was open for interest rates to fall in 2019 after staying static thus far through the middle of the year. March 17, 2014 saw gold at $1,383.81, but following the interest rate announcement, gold went past the $1,380 mark. Leveraged exchange-traded fund (ETF) traders rejoiced, which saw funds like the Direxion Daily Gold Miners Bull 3X ETF (NUGT) rise.
- Benzinga•26 days ago
This Might Be The Leveraged Gold ETF To Consider
For traders loving leverage with gold miners exchange-traded funds, the Direxion Daily Gold Miners Index Bull 3X Shares (NYSE: NUGT) has been the place to be. As was noted last week, traders have been embracing NUGT's bearish cousin, the Direxion Daily Gold Miners Index Bear 3X Shares (NYSE: DUST), in a big way, a theme that has continued over the past several days.
- ETF Trends•26 days ago
Gold ETFs in Play as Precious Metal Eyes a Rate Cut
The prospect of a Federal Reserve rate cut saw U.S. equities and gold rise ahead of the Federal Reserve's interest rate policy decision on Wednesday. U.S. markets came to life on Tuesday, which also resuscitated the Asian markets on Wednesday after optimism from improved prospects of a U.S.-China trade deal came when U.S. President Donald Trump said in a tweet he “had a very good telephone conversation” with Chinese President Xi Jinping.
- Market Realist•28 days ago
Why Jeffrey Gundlach Likes Gold
During DoubleLine's investor webcast on June 13, Jeffrey Gundlach said, “I am certainly long gold.” His call on gold is based on his expectation that the US dollar (UUP) will finish lower this year.
- ETF Trends•28 days ago
Bitcoin Reaches $9,000 for First Time In Over a Year
Leading cryptocurrency Bitcoin crossed the $9,000 mark for the first time since May 2018 amid the hype over social media giant Facebook and its latest cryptocurrency offering. Instead of checking their banks to ensure their direct deposit went through, Facebook employees could open their cryptocurrency wallets on pay day as the social media giant will be rolling out its own digital currency soon. This news is setting the cryptocurrency space abuzz with optimism as Bitcoin reached a high of $20,000 near the end of 2017 and fell over 70 percent since, but is climbing back to prominence again following this news.
- ETF Trends•last month
Paul Tudor Jones Gives Gold His Vote of Confidence
Gold received a vote of confidence from hedge fund manager and philanthropist Paul Tudor Jones who says that if the commodity can break the $1,400 price barrier, it could reach $1,700 quickly. With trade wars looming coupled with a more dovish central bank, gold is what Jones is eyeing within the next two years. “[Gold] has everything going for it,” said Jones.
- Benzinga•last month
Traders Got Bearish On Gold Miners In A Hurry
The NYSE Arca Gold Miners Index (GDMNTR), one of the most widely followed gauges of gold mining equities, is flat over the past week, but if leveraged exchange-traded funds prove to be accurate guides, ...
- Market Realist•last month
A Perfect Storm for Gold: All Macro Drivers Align
A Perfect Storm for Gold: All Macro Drivers Align(Continued from Prior Part)Fed rate cutsFed policymakers are set to meet on June 18 and 19. Whereas the market has not priced in a rate cut in June, at least two rate cuts are expected by the end
- Investopedia•last month
Day Trading With Leveraged ETFs
Day trading using leveraged exchange traded funds (ETFs) is a high-risk undertaking but can return profit due to the volatile nature of the trade structure.
- ETF Trends•last month
Don’t Buy the Bitcoin Rally Hype, Says Gold Bull
Once Bitcoin spiked liked energy levels after a can of Red Bull near the end of 2017, it also came crashing down in 2018, but 2019 is seeing the leading cryptocurrency rise over 150 percent to its current price of just under $8,700. “A lot of people got suckered into this pump-and-dump scheme because they heard all the stories about young kids taking their Bar Mitzvah money into bitcoin and bought a Lambo," said Schiff at the 2019 SALT Conference. Bitcoin purveyors have often referred to the cryptocurrency as the new replacement of gold.
- Benzinga•last month
Gold's Resurgence Felt By These Leveraged ETFs
With riskier assets taking a beating last month, safe havens benefited, including gold. The SPDR Gold Shares (NYSE: GLD ), the world's largest gold-backed exchange traded fund, jumped 2.43 percent in May ...
- ETF Trends•last month
Investors Preferring U.S. Dollar Over Gold Amid Trade Wars
As U.S. President Donald Trump turns his attention to Mexico from China in the latest tariff-for-tariff battles, investors are clamoring for more cash in the form of U.S. dollars rather than traditional safe-havens like gold. Gold-backed ETF plays can be had with the SPDR Gold Shares (GLD) and SPDR Gold MiniShares (GLDM) , while short-term traders can also play the gold market through miners with the VanEck Vectors Gold Miners (GDX) , Direxion Daily Jr Gold Miners Bull 3X ETF (JNUG) and the Direxion Daily Gold Miners Bull 3X ETF (NUGT). The Federal Reserve has been on cruise control thus far in 2019 with respect to interest rate policy, opting to keep the federal funds rate untouched.
- ETF Trends•2 months ago
Gold Prices Fall as Investors Dip Their Toes Back in U.S. Equities
Risk-on was back in U.S. equities after the Dow Jones Industrial Average fell over 200 points on Wednesday due to trade spat fears. In the meantime, gold prices dipped modestly as the the Labor Department ...
- ETF Trends•2 months ago
Gold Bears Kicking Up “DUST” With This Inverse ETF
DUST seeks daily investment results before fees and expenses of 300 percent of the inverse of the daily performance of the NYSE Arca Gold Miners Index. Furthermore, investors can consider funds like the VanEck Vectors ® Real Asset Allocation ETF (RAAX) .
