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

37.16 -3.80 (-9.28%)
At close: April 30 at 4:00 PM EDT
36.98 -0.18 (-0.48%)
After hours: April 30 at 7:57 PM EDT
Loading Chart for NUGT
DELL
  • Previous Close 40.96
  • Open 38.67
  • Bid 37.06 x 800
  • Ask 37.49 x 900
  • Day's Range 37.05 - 39.12
  • 52 Week Range 23.15 - 51.89
  • Volume 2,862,730
  • Avg. Volume 2,957,088
  • Net Assets 611.17M
  • NAV 40.97
  • PE Ratio (TTM) 19.80
  • Yield 2.11%
  • YTD Daily Total Return 18.57%
  • Beta (5Y Monthly) 1.64
  • 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

611.17M

Net Assets

2010-12-08

Inception Date

Performance Overview: NUGT

Trailing returns as of 4/29/2024. Category is Trading--Leveraged Equity.

YTD Return

NUGT
18.57%
Category
--
 

1-Year Return

NUGT
6.38%
Category
--
 

3-Year Return

NUGT
11.99%
Category
--
 

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Holdings: NUGT

Top 2 Holdings (55.98% of Total Assets)

SymbolCompany% Assets
GDX
VanEck Gold Miners ETF 48.42%
FTIXX
Goldman Sachs Trust - Goldman Sachs Financial Square Treasury Instruments Fund 7.55%

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%

Related ETF News

Research Reports: NUGT

  • Analyst Report: Agnico Eagle Mines Limited

    Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It produced more than 3.4 million gold ounces in 2023 and had about 15 years of gold reserves at end 2023. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.

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  • Analyst Report: Newmont Corporation

    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 end December 2023.

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  • Analyst Report: Newmont Corporation

    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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  • Analyst Report: Newmont Corporation

    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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