Direxion Daily Gold Miners Index Bull 2X Shares
NUGT

$49.96

3.89%

Market Cap: $582M

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

1% more call options, than puts

Call options by funds: $40.9M | Put options by funds: $40.5M

2.17% less ownership

Funds ownership: 8.42% [Q1] → 6.25% (-2.17%) [Q2]

16% less funds holding

Funds holding: 38 [Q1] → 32 (-6) [Q2]

35% less capital invested

Capital invested by funds: $51.3M [Q1] → $33.4M (-$17.9M) [Q2]

40% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 15

45% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 11

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Research analyst outlook

We haven’t received any recent analyst ratings for NUGT.

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Financial journalist opinion

Based on 3 articles about NUGT published over the past 30 days

Direxion's Ed Egilinsky Talks Small-Caps, Growth & More

Following market uncertainty in August, investors may feel compelled to reassess their portfolio allocations. With potential rate cuts from the Federal Reserve on the horizon, now may be a good time to diversify your portfolio and seek growth strategies.

Direxion's Ed Egilinsky Talks Small-Caps, Growth & More

NUGT: Expect Gold Rally To Continue After The Fed Cut

NUGT is a leveraged ETF that aims to provide investors with a 2x return on gold miner stocks, but its leverage on gold price is much higher. The outlook for the gold price is bright, driven by rate cuts and fund rotation, as well as weaker outlook for other commodities. The ETF is highly volatile and not suitable for long-term investments due to its daily rebalancing and compounding effects.

NUGT: Expect Gold Rally To Continue After The Fed Cut

Zacks Investment Research

5 Bullish ETF Ways to Play Gold Strength

The yellow metal hit a new all-time high of $2,521.00 per ounce driven by a weak dollar and safe-haven demand, with many analysts expecting more upside in the months ahead.

5 Bullish ETF Ways to Play Gold Strength

Fading Recession Fears Could Prop Up Gold Miners

Recession fears have been leading to increased volatility, especially in the major stock market indexes as of late. However, as economic data starts to quell those fears, it can also help gold prices.

Fading Recession Fears Could Prop Up Gold Miners

NUGT & DUST: Prospecting Precious Metal Miners

Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.

NUGT & DUST: Prospecting Precious Metal Miners

Upside or Downside, There Are Opportunities in Gold Miners

Gold prices are up 13% for the year, but different market experts are forecasting varying scenarios for the precious metal moving forward. Nonetheless, whether prices head up or down and regardless of how it effects miners, traders can play the moves with leveraged exchange traded funds (ETFs).

Upside or Downside, There Are Opportunities in Gold Miners

NUGT: CPI Could Matter More Over The Next Couple Of Weeks

The jobs data was hotter than expected, which accentuated the higher for longer situation that the US finds itself in. For gold, which offers no direct cash yield and costs to keep custody of, this is bearish. Miners are correlated to gold, and we think that while mostly already assumed, a belligerent inflation figure may cause some more downside action.

NUGT: CPI Could Matter More Over The Next Couple Of Weeks

3 Ways Leveraged ETFs Help Traders Navigate Markets

Navigating capital markets requires intangible tools like intuition, mental acuity, and even a bit of luck. Then comes the tangible tools to maximize profit, like leveraged ETFs, which can help traders in a variety of ways.

3 Ways Leveraged ETFs Help Traders Navigate Markets

Top Performing Leveraged/Inverse ETFs: 05/12/2024

These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Top Performing Leveraged/Inverse ETFs: 05/12/2024

Spot Gold Rises As Tehran Attack Sparks Fear Of Wider Conflict: This ETF (NUGT) Tracks Gold Miners - Direxion Daily Gold Miners Index Bull 2XShares (ARCA:NUGT)

Spot gold was popping up above 0.5% at one point on Tuesday, propelled by escalating tensions in the Middle East following Tehran's decision to deploy hundreds of drones and missiles toward Israel on Saturday night.

Spot Gold Rises As Tehran Attack Sparks Fear Of Wider Conflict: This ETF (NUGT) Tracks Gold Miners - Direxion Daily Gold Miners Index Bull 2XShares (ARCA:NUGT)

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