NYSEArca - Delayed Quote USD

Direxion Daily Gold Miners Index Bull 2X Shares (NUGT)

52.45 +0.85 (+1.65%)
At close: 3:59 PM EDT
52.21 -0.24 (-0.45%)
After hours: 4:09 PM EDT
Loading Chart for NUGT
DELL
  • Previous Close 51.60
  • Open 52.70
  • Bid 52.74 x 800
  • Ask 52.79 x 1400
  • Day's Range 52.13 - 54.23
  • 52 Week Range 23.15 - 55.20
  • Volume 2,199,249
  • Avg. Volume 1,795,424
  • Net Assets 573.88M
  • NAV 51.59
  • PE Ratio (TTM) 27.94
  • Yield 1.44%
  • YTD Daily Total Return 50.03%
  • Beta (5Y Monthly) 1.55
  • Expense Ratio (net) 1.18%

The index is comprised of publicly traded common stocks, ADRs or global depositary receipts of companies that operate globally in both developed and emerging markets, and are involved primarily in mining for gold and, to a lesser extent, in mining for silver. The fund invests at least 80% of its net assets in financial instruments, that, in combination, provide 2X daily leveraged exposure to the index, consistent with the fund's investment objective. It is non-diversified.

Direxion Funds

Fund Family

Trading--Leveraged Equity

Fund Category

573.88M

Net Assets

2010-12-08

Inception Date

Performance Overview: NUGT

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Trailing returns as of 10/15/2024. Category is Trading--Leveraged Equity.

YTD Return

NUGT
50.03%
Category
--
 

1-Year Return

NUGT
71.93%
Category
--
 

3-Year Return

NUGT
1.04%
Category
--
 

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Holdings: NUGT

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Top 2 Holdings (55.51% of Total Assets)

SymbolCompany% Assets
GDX
VanEck Gold Miners ETF 46.64%
FTIXX
Goldman Sachs Trust - Goldman Sachs Financial Square Treasury Instruments Fund 8.87%

Sector Weightings

SectorNUGT
Basic Materials   100.00%
Real Estate   0.00%
Technology   0.00%
Utilities   0.00%
Industrials   0.00%
Energy   0.00%
Healthcare   0.00%

Recent News: NUGT

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Research Reports: NUGT

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  • Global Miners: Value in Various Commodities, With Commodity Prices Supported by China Stimulus

    Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.

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  • Global Miners: Value in Various Commodities, With Commodity Prices Supported by China Stimulus

    Kinross Gold is a Canada-based gold producer, producing roughly 2.2 million gold equivalent ounces in 2023. The company had about a decade of gold reserves at the end of 2023. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.

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  • Newmont: We Extend Coverage to Its Australian-Listed CDIs; Shares Undervalued

    Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 7.3 million ounces of gold in 2023 pro forma for Newcrest on an annualized basis. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts from its various gold mines. It had about two decades of gold reserves along with significant byproduct reserves after acquiring Newcrest.

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  • Corporate Action: Vote in Favor of Newmont’s Purchase of Newcrest via Scheme of Arrangement

    Newmont is the world's largest gold miner, producing about 6 million attributable ounces of gold in 2022, good for about 5% of global mined output. The company also produced 1.3 million attributable gold equivalent ounces from the sale of byproducts, including copper, silver, zinc, and lead in 2022. It had about two decades of gold reserves along with significant byproduct reserves at end 2022. After buying Goldcorp in 2019 and combining its Nevada mines in a joint venture with competitor Barrick later that year, Newmont’s portfolio includes 12 wholly owned mines and interests in two joint ventures in the Americas, Africa, and Australia.

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