Direxion Daily Gold Miners Index Bull 2X Shares Investment Overview

Investing in the Direxion Daily Gold Miners Index Bull 2X Shares can be a way to potentially amplify returns on gold mining investments. The fund is designed to track the daily performance of the NYSE Arca Gold Miners Index.

The fund is an exchange-traded fund (ETF) that uses a daily rebalancing strategy to maintain its holdings. This means that the fund's holdings are adjusted daily to keep them in line with the underlying index.

The Direxion Daily Gold Miners Index Bull 2X Shares has a total expense ratio of 0.92%. This is a relatively low cost compared to other investment options.

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The Direxion Daily Gold Miners Index Bull 2X Shares is a leveraged ETF that aims to provide twice the daily return of the NYSE Arca Gold Miners Index. As of the latest data, the Net Expense Ratio for this fund is 1.18%.

The fund's performance is calculated daily and is based on the NYSE Arca Gold Miners Index. The 1-month return for the fund is -18.23% based on the NAV, while the 3-month return is -28.91%. The YTD return is 2.72%.

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Here's a comparison of the fund's performance over different time periods:

The expense ratio for the fund is 1.18% (Gross) and 1.18% (Net), with an inception date of 12/08/2010. The fund's adviser, Rafferty Asset Management, LLC, has entered into an Operating Expense Limitation Agreement to waive management fees and reimburse other expenses to the extent that the fund's total annual operating expenses exceed 0.95% of its average daily net assets.

Short-term performance is not a good indication of the fund's future performance, and an investment should not be made based solely on returns.

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The Direxion Daily Gold Miners Index Bull 2X Shares is designed to track the S&P Global Gold Index, which is a price return index that measures the performance of gold mining companies.

This fund is a leveraged ETF, meaning it aims to provide twice the daily return of the underlying index.

It has an expense ratio of 0.92%, which is relatively low compared to other leveraged ETFs.

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The fund is actively managed and uses a combination of futures contracts and swaps to achieve its investment objective.

It has a net asset value (NAV) of $11.45 per share, which can fluctuate based on market conditions.

The Direxion Daily Gold Miners Index Bull 2X Shares is listed on the NYSE Arca exchange under the ticker symbol NUGS.

The Direxion Daily Gold Miners Index Bull 2X Shares fund has a 1-year return of 2.72% as of January 14, 2025. This is based on the NAV (Net Asset Value) data provided in the fund's pricing and performance information.

The fund's expense ratio is 1.18%, which is the same for both the Gross and Net versions. This is a relatively high expense ratio, but it's worth noting that the fund's adviser, Rafferty Asset Management, LLC, has agreed to waive all or a portion of its management fee and reimburse the fund for other expenses through September 1, 2025.

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The fund's inception date is December 8, 2010, and it has been in operation for over 14 years. In that time, it has experienced significant fluctuations in its NAV and market price.

Here is a summary of the fund's performance metrics:

The fund's performance has been volatile over the years, with significant declines in its NAV and market price. It's essential to keep in mind that short-term performance is not a good indication of the fund's future performance, and an investment should not be made based solely on returns.

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The holdings of Direxion Daily Gold Miners Index Bull 2X Shares are comprised of top gold mining companies. Newmont Corporation makes up the largest portion of the fund at 14.39% of the total holdings.

Agnico Eagle Mines Ltd and Barrick Gold follow closely behind with 9.42% and 8.18% respectively. The top 10 holdings also include Wheaton Precious Metals Corporation, Franco Nevada, and Gold Fields, among others.

Here's a breakdown of the top 10 holdings:

The fund distributes its gains through dividend payments. The dividend yield is 2.6% and the distribution frequency is quarterly.

The top ten holdings in the index are a fascinating aspect of the market. Newmont Corporation holds the largest percentage of the total, at 14.39%.

Newmont Corporation is a significant player in the industry, and its large holding is not surprising given its size and influence. Agnico Eagle Mines Ltd is another major holding, with a 9.42% stake.

Barrick Gold and Wheaton Precious Metals Corporation round out the top five, with holdings of 8.18% and 6.50%, respectively. Franco Nevada and Gold Fields also make the top ten, with holdings of 5.61% and 4.09%.

Here are the top ten holdings in the index:

In another index, Alamos Gold holds the largest percentage of the total, at 7.29%. Pan American and Harmony Gold Mng round out the top three, with holdings of 6.31% and 5.93%, respectively.

Evolution Mining, B2gold, and Iamgold also make the top ten, with holdings of 5.68%, 4.98%, and 2.42%, respectively.

Direxion's Daily Gold Miners Index Bull 2X Shares can be a powerful tool for traders who want to take advantage of short-term trends in the gold mining industry. This fund provides 2X daily leverage, allowing you to magnify your short-term perspective.

To use this fund effectively, you need to understand that trading is different from investing. Trading involves taking advantage of short-term trends, whereas investing is a long-term strategy.

Direxion's leveraged ETFs are designed to help you go where there's opportunity, with bull and bear funds for both sides of the trade. This means you can choose to buy or sell the fund, depending on your market outlook.

Leveraged and inverse ETFs, like the Daily Gold Miners Index Bull 2X Shares, pursue daily leveraged investment objectives. This means they are riskier than alternatives that don't use leverage, and you shouldn't expect them to track the underlying index over periods longer than one day.

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Here's a summary of the benefits of using Direxion's Daily Gold Miners Index Bull 2X Shares:

Keep in mind that these funds are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments.