NUGT - Direxion Daily Gold Miners Bull 3X ETF
| Previous Close | 13.83 |
| Open | 13.05 |
| Bid | 0.00 x 1000 |
| Ask | 13.42 x 1300 |
| Day's Range | 12.90 - 13.80 |
| 52 Week Range | 10.56 - 37.96 |
| Volume | 10,354,476 |
| Avg. Volume | 9,671,261 |
| Net Assets | 1.14B |
| NAV | 13.26 |
| PE Ratio (TTM) | N/A |
| Yield | 0.49% |
| YTD Return | -57.92% |
| Beta (3y) | -0.43 |
| Expense Ratio (net) | 0.93% |
| Inception Date | 2010-12-08 |
- ETF Trends•4 days ago
Leveraged Gold ETFs Slough Off Trade Wars
Leveraged gold ETFs like the Direxion Daily Jr Gld Mnrs Bull 3X ETF (JNUG) and Direxion Daily Gold Miners Bull 3X ETF (NUGT) sloughed off any possible negative effects of the escalating trade war between the United States and China. In less than 24 hours, China responded to the latest salvo of tariffs fired off by U.S. President Donald Trump as Beijing announced it will impose $60 billion worth of tariffs on U.S. goods beginning on Sept. 24. The new round of tariffs from China are said to affect a list of 5,207 products within a range of 5 to 10% as both the U.S. and China have already slapped each other with tariffs worth $50 billion total.
Market Realist•10 days agoCould the US Dollar’s Rally Fizzle to Gold’s Benefit?
Year-to-date, the UUP ETF (UUP) has risen 5.2%, while the SPDR Gold Shares ETF (GLD) has declined 8.4%. According to a Reuters poll, while the US dollar could hold onto its gains for the rest of this year, it’s unlikely to maintain its ascent after that. Other factors supporting the dollar such as rate hikes and trade tensions have now been priced into the dollar. Morgan Stanley analysts also believe that the US dollar is “topping out,” according to Bloomberg.
- Market Realist•22 days ago
Is Gold Losing Its Value as a Safe-Haven Asset?
Gold is down only 8% this year, but it’s off almost 13% from its high. For some reason, it has lost its allure as a hedge to inflation and global turmoil. The main culprit may just be the US dollar, which is only back to where it was in mid-2017. It’s tough to say why gold lost its glitter as a hedge—maybe investors are looking at other alternatives like bitcoin as a store of value in uncertain times.
- Market Realist•22 days ago
This Fall’s Opportune Sectors—besides Technology
Could These Sectors Be an Opportunity into the Fall? As summer winds down, what sectors (other than technology) are interesting? As of August 14, the S&P 500 is up almost 6% year-to-date with the tech-heavy NASDAQ up almost 14%, and the NYSE FANG Index is still up 27% on the year.
- Zacks•25 days ago
Leveraged ETFs: How Do They Work and What's Hot Now?
Leveraged and inverse ETFs are among the most misunderstood financial products. Here is what investors need to know.
Market Realist•25 days agoGold Short Positions Still Growing: Short-Squeeze Rebound Ahead?
The report comes out every Friday and shows open interest on the previous Tuesday. According to the COT report for the week ended August 24, detailing holdings as of August 21, money managers were net short on gold for the ninth straight week. This net short position in gold is unprecedented.
Market Realist•25 days agoGold Gains on US-Mexico Trade Deal—What’s the Upside?
Gold (GLD) recorded its first weekly gain last week after six weeks of continued losses. The fall in the US dollar was the major reason for gold’s rise.
Market Realist•26 days agoTrade Wars Hurt US Economic Growth Outlook: How Does Gold Look?
In the second quarter of 2018, the US economy grew at an annual pace of 4.1%, which marked a four-year high. However, as per a Reuters poll of economists, US economic growth will slow steadily over the coming few quarters. According to a Reuters poll of over 100 economists between August 13 and August 21, the boost that tax cuts gave to the US economy will likely wane.
- Zacks•29 days ago
Leveraged ETFs: How Do They Work and What's Hot Now?
Leveraged and Inverse ETFs are among the most misunderstood products. Here is what investors need to know.
- Benzinga•29 days ago
Traders Scamper Back To Leveraged Gold Miners ETFs
Gold is one of this year's worst-performing assets and that is weighing on shares of companies that extract the yellow metal from the earth. The largest exchange traded fund (ETF) backed by physical gold ...
Market Realist•last monthGold Stocks Look Cheap Compared to the S&P 500—What’s Next?
Along with gold, gold miner stocks (GDX) (NUGT) are also seeing a lot of selling pressure lately. Gold equities are essentially a leveraged play on gold prices and as such, they usually move in the direction of gold prices with greater intensity. On August 15, the VanEck Vectors Gold Miners ETF (GDX) has lost 20.0% of its value YTD, almost double the losses seen by the SPDR Gold Shares ETF (GLD).
Market Realist•last monthCould the US Dollar’s Strength Prolong Commodities’ Pain?
The US dollar’s (UUP) strength has been the primary reason for gold’s weakness in 2018. The dollar has been gaining against the euro as the region grapples with its economic and political woes.
Market Realist•last monthIamgold’s Westwood Mine: On Track for Full Ramp-Up by 2020
Iamgold’s Q2 2018 Results Were a Mixed Bag: Is Outlook Better? Iamgold’s (IAG) Westwood mine had a pivotal year in 2017 since it resumed operating at its normal production level in Q2 2017. Along with Essakane and Rosebel, the Westwood mine delivered lower production in Q2 2018.
Market Realist•2 months agoWhat to Expect from Agnico Eagle Mines’ Q2 2018 Earnings Call
While Agnico Eagle Mines (AEM) has lost 1.4% YTD (year-to-date) until July 13, its performance is still stronger than many of its peers (RING), including Yamana Gold (AUY), Kinross Gold (KGC), Eldorado Gold (EGO), and New Gold (NGD). It has also outperformed the SPDR Gold Shares ETF (GLD) and the VanEck Vectors Gold Miners ETF (GDX). Agnico Eagle is known to deliver consistent results throughout its cycles.
Market Realist•2 months agoUS Dollar Climbs to Fresh One-Year High, Pressures Gold
Fresh Sell-Off Hits Gold: Is $1,200 the Next Stop? In the previous part, we discussed how gold prices lost ~1% following Fed Chair Jerome Powell’s strong outlook for US economic growth and his conviction in the gradual rate hike path. Gold fell ~0.43% on July 19 and ended the day at $1,218 per ounce.
Market Realist•2 months agoCould Its Q2 2018 Earnings Be a Turning Point for New Gold?
New Gold (NGD) stock has had one of the poorest showings YTD (year-to-date). Until July 13, it has fallen 38.9%, significantly underperforming its peers (GDXJ) (NUGT). Among its peers, Eldorado Gold (EGO), IAMGOLD (IAG), Alamos Gold (AGI), and Randgold Resources (GOLD) have returned -24.5%, -1.0%, -14.1%, and -27.1%, respectively.
- ETF Trends•2 months ago
Gold Miners ETFs: Poised for Something Big?
As has been documented, gold prices have faltered over the past several months. An interesting element in that scenario is that gold miners ETFs, such as the VanEck Vectors Gold Miners ETF (NYSEArca: GDX ), the largest exchange traded fund dedicated to gold mining stocks, have performed less poorly than ETFs focusing on physical gold. GDX is comprised of global gold miners, with a notable tilt toward Canadian and U.S. mining companies.
- Market Realist•2 months ago
Deal or No Deal: Brexit Uncertainty Is Good for Gold
On June 23, 2016, the world was caught by surprise when British citizens voted to leave the European Union (HEDJ) (VGK). Currency and equity markets were in turmoil as a result of the exit decision, while safe-haven assets including the US dollar, the Japanese yen, and gold surged. After almost two years, the uncertainty related to Brexit could again come in as a support for gold and other precious metals.
- Benzinga•3 months ago
All That Glitters is Not Goldminers ̶ Yet
This has been especially evident in gold mining stocks, which have traded sideways through 2018. Gold as a commodity has remained within a $60 range while precious metal traders anticipate inflationary signals that have yet to materialize. The effect on miners is clear if one takes a look at the index tracked by the Direxion Daily Gold Miners Index Bull and Bear 3X Shares ETF (NYSE: NUGT) (NYSE: DUST), which has remained range-bound since February.
Market Realist•3 months agoNew Gold Bulls: Where Are They Now?
New Gold (NGD) stock has had one of the poorest showings YTD (year-to-date). Until June 14, it has fallen 34.7%, significantly underperforming its peers (GDXJ) (NUGT), including Eldorado Gold (EGO), IAMGOLD (IAG), Alamos Gold (AGI), and Randgold Resources (GOLD).
- Market Realist•4 months ago
Gold Is Playing Its Role as Safe Haven this Year!
Gold and gold miners have been all over the place this year. Often, we think of gold as a safe haven and defensive play, and often it is. But sometimes it’s in its own cycle or just another asset for people to sell in times of trouble. This year, gold is playing its role as a safe haven and is up 3% during a flat and tumultuous market. But for some reason, the miners are acting more like other stocks—and, at some periods, even worse than the market. That behavior is relatively curious, especially given gold’s outperformance.
Market Realist•5 months agoIncreased Volatility and Gold Investors
While gold miners have been out of favor for a long time, that might be about to change. Since the uncertainty in the market is increasing, gold prices are poised to rise. This rise should be followed by gold miners (GDX), which are essentially a leveraged play on gold prices.
- ETF Trends•5 months ago
Junior Gold Miners ETF is Ready to Takeoff
The VanEck Vectors Gold Miners ETF (NYSEArca: GDXJ), the second-largest exchange traded fund tracking gold miners equities, is 3.4% over the past week and some market observers believe the small-cap miners ...
- Bloomberg Video•2 months ago
Taking Stock of 2Q Earnings Using ETFs
Jul.18 -- Bloomberg's Scarlet Fu, Eric Balchunas and Luke Kawa speak with Sylvia Jablonski, head of capital markets and institutional strategy at Direxion Investments, about leveraged financial ETFs during earnings season, the deep selloff in XLF at the end of the second quarter, flows into semiconductor ETFs and the catalyst for substantial moves in NUGT.
