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 Portfolio Data
NUGT Index Data
NUGT Fund Structure
NUGT Tax Exposures
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.