NUGT

Direxion Daily Gold Miners Index Bull 2X Shares

$147.06

+0.00%

Market closed. Last update: 10:50 PM ET

📎 Investment Objective

NUGT seeks to provide daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the NYSE Arca Gold Miners Index.

Overview

ETF tracking Direxion Daily Gold Miners Index Bull 2X Shares

Category Leveraged

Issuer Other

Inception Date 2010-12-08

Market Cap $978.2M

Average Volume N/A

Dividend Yield 0.29%

52-Week Range $34.78 - $186.78

VWAP $145.15

Performance

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Investment Summary

📎 Investment Objective

NUGT seeks to provide daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the NYSE Arca Gold Miners Index.

🎯 Investment Strategy

NUGT is a leveraged ETF that aims to achieve its investment objective by investing in financial instruments, such as swap agreements and futures contracts, that provide leveraged exposure to the NYSE Arca Gold Miners Index. The fund does not invest directly in gold or gold mining companies.

✨ Key Features

Provides 2x the daily performance of the NYSE Arca Gold Miners Index
Utilizes financial derivatives to achieve its leveraged exposure
Resets its leverage daily, which can lead to compounding effects over longer holding periods
Has a high expense ratio compared to non-leveraged gold mining ETFs

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for increased volatility and larger losses compared to the underlying index
Compounding effects can magnify losses over longer holding periods
Tracking error risk due to the use of derivatives and daily rebalancing

👤 Best For

NUGT is a highly speculative investment and is best suited for experienced, risk-tolerant investors with a short-term investment horizon who are seeking to potentially amplify their exposure to the gold mining sector. It is not recommended for long-term buy-and-hold investors or those with a low risk tolerance.