NUGTDirexion Daily Gold Miners Index Bull 2X Shares
NUGT Fund Description
NUGT provides 2x leveraged exposure to a market-cap-weighted index of global gold and silver mining firms.
NUGT Factset Analytics Insight
NUGT is a 2x leveraged bet on the NYSE Arca Gold Miners Index—a market-cap-weighted index of large gold and silver mining firms. Like most leveraged and inverse products, it's designed to provide a 1-day bet on the index. As such, NUGT is designed to be held for no more than one trading day. For longer periods, the effects of compounding may cause it to drift (sometimes greatly) from the 200% exposure it promises to provide to the NYSE Arca Gold Miners Index. Since NUGT is designed for daily use, the trading costs are of greater importance. Prior to March 31, 2020, the fund provided 3x daily exposure to the same index.
NUGT MSCI ESG Analytics Insight
Direxion Daily Gold Miners Index Bull 2X Shares has an MSCI ESG Fund Rating of AA based on a score of 7.31 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Direxion Daily Gold Miners Index Bull 2X Shares ranks in the 57th percentile within its peer group and in the 65th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
NUGT Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of NUGT. NUGT is rated a 5 out of 5.
NUGT MSCI ESG Ratings
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