NUGT - Direxion Daily Gold Miners Index Bull 2X Shares

NYSEArca - Nasdaq Real Time Price. Currency in USD
77.69
-0.16 (-0.21%)
As of 9:47AM EDT. Market open.
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Previous Close77.85
Open77.91
Bid76.81 x 1000
Ask77.00 x 1100
Day's Range76.15 - 77.94
52 Week Range24.15 - 225.50
Volume380,550
Avg. Volume5,981,311
Net Assets1.05B
NAV78.27
PE Ratio (TTM)N/A
Yield1.37%
YTD Daily Total Return-55.29%
Beta (5Y Monthly)2.70
Expense Ratio (net)1.17%
Inception Date2010-12-08
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    What It Means When ETFs Reverse Split

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    3 ETFs to Trade in May Amid Stock Market Uncertainty

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    Sell on the Pop Prospects: April 29 Edition

    Here is a look at ETFs that currently offer attractive short selling opportunities. The ETFs included in this list are rated as sell candidates for two reasons. First, each of these funds is deemed to be in a downtrend based on the fact that its 50-day moving average is below its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively. Second, each of these ETFs is also trading above its 20-day moving average, thereby offering a near-term “sell on the pop” opportunity given the longer-term downtrend at hand. Note that this prospect list also features a liquidity screen by excluding ETFs with average trading volumes below the one million shares mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.

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    Three ETFs for Gold Exposure

    In conjunction with a buy signal in our "Gold Plan" timing model we added an allocation to the iShares MSCI Global Gold Miners ETF (RING) in both our Income and Growth model portfolios, notes Jim Woods, editor of Successful Investing.

  • Direxion Announces Reverse Splits of Twelve ETFs
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    Direxion Announces Reverse Splits of Twelve ETFs

    Direxion has announced it will execute a reverse split of the issued and outstanding shares of twelve ETFs (each, a "Fund" and collectively, the "Funds"). The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined below.

  • Change in Investment Objectives and Strategies of Ten Daily Leveraged and Daily Inverse Leveraged Funds
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    Change in Investment Objectives and Strategies of Ten Daily Leveraged and Daily Inverse Leveraged Funds

    The investment objective and strategy of each fund in the table below is to now seek daily leveraged, or daily inverse leveraged, investment results, before fees and expenses, of 200% or -200%, as applicable, of the performance of its underlying index, as shown below:

  • Ten Funds Underexposed at Market Open
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    Ten Funds Underexposed at Market Open

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  • Four Funds Underexposed at Market Open
    PR Newswire

    Four Funds Underexposed at Market Open

    Due to recent market volatility and related developments, four funds will be underexposed to the market today. At market open, each fund will have the following exposure. This reduced exposure is for today, March 30, 2020, only.

  • Direxion Expedites the Change in Investment Objectives and Strategies of Ten Daily Leveraged and Daily Inverse Leveraged Funds
    PR Newswire

    Direxion Expedites the Change in Investment Objectives and Strategies of Ten Daily Leveraged and Daily Inverse Leveraged Funds

    The investment objective and strategy of each Fund in the table below is currently to seek daily leveraged, or daily inverse leveraged, investment results, before fees and expenses, of 300% or -300%, as applicable, of the performance of its underlying index. Effective after market close on March 31, 2020 each Fund's investment objective and strategy will change to seek daily leveraged, or daily inverse leveraged, investment results, before fees and expenses, of 200% or -200%, as applicable, of the performance of its underlying index, as shown below:

  • Direxion Daily Gold Miners Index Bull 3X Shares and Direxion Daily Junior Gold Miners Index Bull 3X Shares Underexposed at Market Open
    PR Newswire

    Direxion Daily Gold Miners Index Bull 3X Shares and Direxion Daily Junior Gold Miners Index Bull 3X Shares Underexposed at Market Open

    Due to significant market disruption and volatility on March 24, 2020, the Direxion Daily Gold Miners Index Bull 3X Shares (NUGT) and Direxion Daily Junior Gold Miners Index Bull 3X Shares (JNUG) will not have exposure of 300% to the market today. At market open, the Direxion Daily Gold Miners Index Bull 3X Shares and Direxion Daily Junior Gold Miners Index Bull 3X Shares will have exposure of approximately 220% and 220%, respectively. This reduced exposure is for today, March 25, 2020, only.

  • Direxion Changes Objectives Of Ten Leveraged Funds To Address Extreme Market Conditions, While Also Closing Eight Funds Due to Limited Interest Since Launch
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    Direxion Changes Objectives Of Ten Leveraged Funds To Address Extreme Market Conditions, While Also Closing Eight Funds Due to Limited Interest Since Launch

    Recent and near unprecedented volatility across global markets, driven by the impact of the COVID-19 pandemic and oil price war, has dramatically increased the explicit and implicit cost of trading in the energy and commodities markets. While volatility will subside at some point, the ability to cost-effectively and efficiently access these markets may remain challenged for some time.

  • ETF Database

    Despite Its Fall, Gold Is Functioning As Intended

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    Gold Hits 7-Year High Amid Ongoing Coronavirus Concerns

    Gold prices touched a 7-year high as more coronavirus concerns continue to fuel a safe haven flight to assets like precious metals. “So far ... gold has demonstrated its safe-haven qualities and we stay long the metal,” UBS analysts led by Wayne Gordon said.

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    A Coronavirus Black Swan Event Could Spark Gold Rally

    In the capital markets, the term “black swan” is not to be taken lightly, unless you're a bullish gold trader--then it's time to get heavy on precious metals. The coronavirus is putting a mixed martial arts-like stranglehold on the markets and if it turns into a black swan event in China or other parts of the world, it could spark a gold rally. “For gold really to move, it would be some kind of exogenous shock, which might push it higher,” Rhona O’Connell, INTL FCStone head of market analysis for EMEA and Asia Regions, told Kitco News.

  • How the Gold Miners Bull 3x (NUGT) ETF Works
    Investopedia

    How the Gold Miners Bull 3x (NUGT) ETF Works

    The Direxion Daily Gold Miners Index Bull 3x Shares (NUGT) is a 3x leveraged exchange-traded fund (ETF) that should be used for short-term trades only. In fact, Direxion points out on their website that the returns the ETF seeks on its benchmark index, the Gold Miners Index, are for a single day. NUGT comes with a relatively hefty 1.23% expense ratio.

  • ETF Trends

    Gold Prices Remain Muted as Investors Eye Fed, Coronavirus

    Gold prices have been relatively muted as investors are reading into Federal Reserve Chairman Jerome Powell’s neutral tone on the economy and the remaining wild card in the markets known as the coronavirus. Gold prices are slowly facing downward pressure as a risk-on sentiment creeps back into the markets following lesser cases of the coronavirus occurring. Tuesday is the first day of Powell’s testimony before Congress.

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    ETFs Have Been Piling Up On Gold Past Two Weeks

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    Gold Prices Edge Higher as China Struggles Amid Coronavirus Outbreak

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  • ETF Trends

    Central Bank Policies Should Continue to Support Gold Prices

    The Federal Reserve decided to keep rates unchanged on Wednesday and this could be gold’s main driver going forward if the data-dependent central bank deems the economy healthy enough. This could support gold prices even if the market experiences a lull in precious metal purchases after the coronavirus craze eventually fades. Amid the outbreak, it was risk-off for investors as they piled into safe havens like bonds and gold.

  • ETF Trends

    Coronavirus Outbreak Allows Gold Prices to Break Out

    Thanks to as much as a 500-point drop in the Dow Jones Industrial Average in Monday’s trading session, it was risk-off for investors as they piled into safe havens like bonds and gold. Gold was on a path of bearishness after a U.S.-China “phase one” trade deal put the risk back into the markets. “After almost three weeks of consolidation, gold has now pushed higher on risk-aversion as the Coronavirus position worsens and the markets move away from risk,” said Rhona O’Connell, head of market analysis for EMEA & Asia at INTL FCStone, in a daily note.

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    Coronavirus Concerns Tamp Down Gains for Gold

    Bond prices went higher, inversely causing yields to fall, but the safe-haven scramble couldn’t make its way to gains for gold as concerns regarding the coronavirus in China made its way into the capital markets. The gold market reacted negatively as China is a major purchaser of the precious metal. “This unfavourable development could not come at a more critical time with many people expected to travel within China before the Lunar New Year,” wrote Lukman Otunuga, senior research analyst at FXTM, in a daily research note.

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    Too Much Froth in the Market Could Lead to Gold Gains

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    Gold, Silver Traders Brace Themselves for a Rollercoaster Ride

    The U.S.-China “phase one” trade deal that is set to be signed today is injecting a healthy dose of optimism into the markets, which is keeping gold and silver prices at bay. After hitting highs the previous week, this week could see a rollercoaster-like drop as precious metals traders brace themselves for the wild ride. “Gold and silver appear to be headed lower, and there doesn’t appear to be anything that will slow the metals from another trend reversal,” wrote Todd “Bubba” Horwitz in Kitco News.

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    Strategist: This is the Reason Why You Shouldn’t Sell Gold

    Hold the gold—it's a simple strategy in an uncertain market that could turn any day by various risk-based factors, but Longview Economics CEO Chris Watling suggests another reason that could help support gold prices is the Federal Reserve's repo program. The central bank uses the program to adjust the supply of reserve balances to keep its interest rate target in check. “It is putting a lot of liquidity, a lot of dollar money, into the system, and that is supporting the price,” Waitling said in a CNBC report.

  • ETF Trends

    Can Gold Traders Fend Off a Wave of Bearish Selling?

    Escalating U.S.-Iran tensions after an air strike that killed an Iranian general last week fed into strength for gold prices to start the trading week. On Tuesday, gold rallied to a 6 ½-year high, but fell the following Wednesday after U.S. President Donald Trump eased the markets following a retaliation from Iran that caused no damage or casualties on U.S. airbases. “Gold is down sharply as U.S-Iran tensions have been deescalated,” wrote Bill Baruch in Kitco News.