Direxion Daily Gold Miners Bear 3x Shares ETFFund
- Change -1.37 (-3.9%)
- Volume 2.57 M
1:34 PM EDT Jul 29, 2015
U.S. Markets are open
- Assets $139.4M
- Expense Ratio 0.95%
- Yield N/A
- Vs 50 Day EMA %
- Vs 200 Day EMA %
Commodity Based ETF
Direxion Daily Gold Miners Bear 3X Shares is an exchange-traded fund incorporated in the USA. The Fund's objective is daily investment results of 300% the inverse (opposite) of the NYSE Arca Gold Miners Index.
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07-24-2015 01:38 PM by Todd Shriber
More than 110 U.S.-listed exchange traded products hit 52-week lows today and the list reads like a graveyard of commodities ETFs and ETNs. For those keeping score at home, with just under three hours left in Friday's session, 61 of the 111 ETFs that hit new lows today are direct...
07-23-2015 03:21 PM by Todd Shriber
In the essence of brevity and not belaboring previously made points, gold and gold miners exchange traded funds have been getting trounced in recent weeks. Over the past month, the SPDR Gold Shares (NYSEArca: GLD) and the Market Vectors Gold Miners ETF (NYSEArca: GDX) are down 7....
07-22-2015 01:56 PM by Todd Shriber
The SPDR Gold Shares (NYSEArca: GLD) is trading slightly lower again Wednesday, extending the largest gold exchange traded fund's one-month loss to almost 7.3%. GLD is also positioned to extend its losing streak to eight days. None of that should be good for gold miners ETFs a...
07-21-2015 02:15 PM by Todd Shriber
It keeps happening. Leveraged bullish gold miners exchange traded funds get drubbed and on the days that those drubbings occur, traders pour into the funds. That exact scenario played out Monday when the Direxion Daily Gold Miners Bull 3X Shares (NYSEArca: NUGT) plunged 30.9%....
07-20-2015 01:14 PM by Todd Shriber
It is a scenario that is frequently seen with leveraged exchange traded funds. Traders pile into whichever fund that is a member of bullish/bearish pair that gets hammered on a particular day with the hope that that ETF will rally the following day, making for a profitable trade....
07-17-2015 01:34 PM by Todd Shriber
Physically-backed gold exchange traded funds are trading lower by about 1% today, sending the SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust (NYSEArca: IAU) and ETFS Physical Swiss Gold Shares (NYSEArca: SGOL) to the 52-week low club. Predictably, that is bad news for go...
07-17-2015 09:30 AM by Tom Lydon
While gold bullion has somewhat weakened this year, gold miner stocks and related exchange traded have taken a dive, leading some traders to believe that the industry may be oversold. Year-to-date, the SPDR Gold Shares (NYSEArca: GLD) has dipped 3.0%. Meanwhile, the Market Vec...
05-11-2015 02:53 PM by Tom Lydon
The SPDR Gold Shares (NYSEArca: GLD) is off roughly 1% over the past month, but that is not preventing gold miners exchange traded funds from notching some impressive performances. The Market Vectors Gold Miners ETF (NYSEArca: GDX), the largest and most heavily traded gold min...
04-27-2015 01:00 PM by Todd Shriber
Investors perusing a list of exchange traded funds that have been stellar performers over the past month will find plenty of emerging markets funds and some suddenly resurgent energy fare. Scroll far enough down that list and some well-known gold miners ETFs begin appearing as...
03-09-2015 12:50 PM by Todd Shriber
The SPDR Gold Shares (NYSEArca: GLD), the world's largest ETF backed by physical holdings of gold, fell 3.3% and is now off nearly 10% from its January highs. Even with Monday's modest upside, gold futures have traded lower in seven of the past 11 session. Improving labor data...
03-06-2015 02:46 PM by Max Chen
The improving job numbers are fueling Federal Reserve rate hike speculation and dragging on the gold bullion and miner-related exchange traded funds. With the SPDR Gold Shares (NYSEArca: GLD), the world's largest ETF backed by physical holdings of gold, down 2.7% and broad equ...
02-18-2015 02:54 PM by Todd Shriber
It was just a few weeks that gold miners exchange traded funds, including the group's behemoths, the Market Vectors Gold Miners ETF (NYSEArca: GDX) and the Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ), capped their best three-week runs since coming to market. In the ...
02-10-2015 10:00 AM by Todd Shriber
Leveraged exchange traded funds have not been strangers to controversy with some executives going so far as to imply these geared ETFs could lead to the demise of financial makets. That assessment is long on hyperbole, but it underscores the negative light with which these vol...
02-09-2015 11:30 AM by Todd Shriber
Earnings season is in full bloom with some marquee names, including multiple Dow components still due to deliver results in the coming weeks. However, one high-flying sector and the corresponding exchange traded funds will be put to the earnings test in significant fashion over t...
02-03-2015 01:50 PM by Todd Shriber
One day does not make a trend, but Monday's action in a pair of popular leveraged gold miners exchange traded funds could signal that another big move is coming for this heavily traded, volatile segment of the ETF market. On Monday, traders pulled $33.2 million from the Direxi...
10-31-2014 12:40 PM by Todd Shriber
Friday is proving to be just another day at the office for gold miners exchange traded funds and that is not a good thing. On a day when U.S. stocks are again soaring, these equity-based ETFs are getting drubbed because, well, gold is getting drubbed. The SPDR Gold Shares (NYS...
10-30-2014 02:03 PM by Todd Shriber
Thursday is proving to be another grizzly for long gold miners exchange traded funds. The tale of woe starts with the Market Vectors Gold Miners ETF (NYSEArca: GDX), the largest miners ETF. GDX is down almost 5% on volume that is nearly 30% above the daily average, no small fe...
10-05-2014 08:00 AM by Todd Shriber
Things are getting worse, not better for exchange traded funds related to gold. Starting with the usual suspects, the SPDR Gold Shares (NYSEArca: GLD) and the iShares Gold Trust (NYSEArca: IAU) closed at new 52-week lows Friday amid a stellar rally by U.S. stocks after the U.S. L...
09-23-2014 02:40 PM by Todd Shriber
After a sustained period of weakness, and by "sustained period" it can be said that means nearly all of the current century, the U.S. dollar is showing notable signs of life. Over the past month, the PowerShares DB US Dollar Index Bullish Fund (NYSEArca: UUP) is up nearly 3%. ...
09-09-2014 08:00 AM by Todd Shriber
Gold futures closed at their lowest levels since June Monday, with well-known exchange traded funds following suit. The SPDR Gold Shares (NYSEArca: GLD) and the iShares Gold Trust (NYSEArca: IAU) each finished lower by about 1.1%. That glum Monday showing comes on the heels of...
08-14-2014 10:00 AM by Max Chen
The broader markets have strengthened this year, but on the other end of the investment spectrum, some leveraged and niche category exchange traded funds have managed to shrink over 50% this year. Given the nature of geared products to produce leveraged returns, leveraged inve...
07-10-2014 08:00 AM by Todd Shriber
When noting the Market Vectors Gold Miners ETF (NYSEArca: GDX) and the Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ) are up an average of 24% over just the past month, forecasting another substantial move for these and rival ETFs appears tricky. Then again, GDX and GD...
06-04-2014 02:42 PM by Tom Lydon
As gold prices continue to stumble, weakness is mounting in shares of gold mining equities and the relevant exchange traded funds. The Market Vectors Gold Miners ETF (NYSEArca: GDX) has shed 8.4% over the past month, but GDX, the largest gold miners ETF by assets, is far from ...
05-29-2014 09:30 AM by Todd Shriber
After a decent start to the year, and in the case of mining exchange traded funds, a spectacular start, gold ETFs have again fallen out of favor. Supposedly benign inflation, rising risk appetite and tepid demand are among the factors that have pressured gold and bullion-backe...
05-28-2014 09:30 AM by Todd Shriber
At the start of this year, gold miners stocks and the exchange traded funds holdings those shares commenced one of the great Lazarus acts in recent memory in the ETF universe. After being bludgeoned and left for dead in 2013, a year that for some represents the end of gold's u...
05-13-2014 02:05 PM by Tom Lydon
Assets under management at global inverse and leveraged exchange traded products resided at $61.5 billion at the end of last month, a 1% decline from the end of March, but still up 6% from the end of 2013. BOOST ETP, which was recently acquired by WisdomTree (NasdaqGS: WETF), ...
04-10-2014 09:30 AM by Tom Lydon
If Auric Goldfinger, the villain in the 1964 James Bond movie "Goldfinger," was a real person and alive today, there is an excellent chance he would be enthralled by two new exchange funds debuting today from Direxion. Well, Mr. Goldfinger would almost certainly be a fan of th...
02-12-2014 01:11 PM by Todd Shriber
Well-documented has been the resurgence of gold mining stocks and the exchange traded funds that hold those stocks. Entering Wednesday, seven of the 10 best non-leveraged ETFs this year were gold or silver mining funds. That roster includes popular funds such as the Market Vec...
12-24-2013 12:07 PM by Tom Lydon
It is one of 2013's most prominent themes in the world of exchange traded funds. That being the epic declines experienced by precious metals mining ETFs. The Market Vectors Gold Miners ETF (NYSEArca: GDX) and the Global X Silver Miners ETF (NYSEArca: SIL) are down an average o...
12-09-2013 06:30 AM by Tom Lydon
In a year of jaw-dropping declines for gold and silver mining exchange traded funds, investors have not just stood by these funds, they have continually allocated fresh capital to the these ETFs. In particular, the inflows to gold mining ETFs not only buck the trend of price r...
12-06-2013 07:30 AM by Tom Lydon
As is the case with so many things in life, leveraged cuts both ways and that is particularly true in financial markets. Of course, financial markets leverage also means a conversation about leveraged exchange traded funds, an exciting but risky corner of the broader ETF univ...
12-05-2013 12:18 PM by Todd Shriber
The Direxion Daily Gold Miners Bull 3X Shares (NYSEArca: NUGT) is, as its name says, a triple leveraged ETF. To be specific, NUGT attempts to deliver three times the daily returns of the NYSE Arca Gold Miners Index, the underlying index for the popular Market Vectors Gold Mine...
12-04-2013 10:00 AM by Tom Lydon
They are among this year's worst performers among non-leveraged exchange traded funds, but investors have been pouring cash into precious metals mining funds. Year-to-date, the Market Vectors Gold Miners ETF (NYSEArca: GDX), the Market Vectors Junior Gold Miners ETF (NYSEArca:...
12-04-2013 07:30 AM by Tom Lydon
In recent years, inverse and leveraged exchange traded funds have spent ample time in the spotlight . Investors enjoy the idea of potential returns that are two or three times those of plain vanilla ETFs, but leveraged ETFs are not buy-and-hold instruments. Rather, these pr...
12-03-2013 11:52 AM by Paul Weisbruch, Street One Financial
Despite the very weak price action in the underlying ETF yesterday, GDX (Market Vectors Gold Miners, Expense Ratio 0.52%) continues to "net" pull in new assets over time (+$118 million), bringing the total year to date to about $2.5 billion added year to date via creations. T...
11-27-2013 09:00 AM by Tom Lydon
The Market Vectors Gold Miners ETF (NYSEArca: GDX), the largest and most heavily traded gold mining ETF, and its rivals cannot take much more bad news. In just the past week, GDX has lost almost 8%, touching a series of five-year lows in the process. Over the past month, GDX i...
07-29-2013 01:15 PM by Paul Weisbruch, Street One Financial
Mining stocks have battled back recently, with GDX (Market Vectors Gold Miners, Expense Ratio 0.52%) for example recovering more than 25% from its late June intraday lows and pulling in more than $100 million in net asset flows via creations. It is also no secret that Gold and...
06-20-2013 03:10 PM by Tom Lydon
Gold miner stocks and exchange traded funds plunged Thursday with bullion prices after Federal Reserve Chairman Ben Bernanke on Wednesday indicated the Fed may taper its bond purchases. Speculation the Fed could move toward a less dovish stance hammered gold and miner ETFs. Th...
02-14-2013 11:20 AM by Tom Lydon
Gold mining stocks and exchange traded funds have consistently lagged the run-up in gold prices. Although the two seem they would be in agreement tracking the price of gold, there are a number of reasons why they tend to diverge. "Gold miners do not perfectly track the price o...
04-30-2012 10:29 AM by John Spence
Exchange traded funds that bet against gold miner shares rallied Monday on weakness in the downtrodden sector. Market Vectors Gold Miners (NYSEArca: GDX) was down 1.4% in recent trading after posting big gains last week. The sector has been a lackluster performer in 2012 with ...
02-13-2012 01:15 PM by Tom Lydon
Gold prices are hovering above $1,700 an ounce and ETFs that invest in the precious metal could move higher in 2012 on Europe's lingering debt crisis and further monetary easing from central banks. Gold prices dropped 1.2% for the week ended Feb. 10, settling at around $1,725 ...
12-07-2011 10:04 AM by Paul Weisbruch, Street One Financial
Yesterday we pointed out exchange traded funds in the metals and mining sector, and last week we highlighted ETFs that are based on the price of gold bullion. This presents a timely opportunity to discuss the correlation between the miners and spot gold itself, and how to potenti...
10-17-2011 04:27 PM by Tom Lydon
ETF spotlight on Direxion Daily Gold Miners Bear 2x Shares (NYSEArca: DUST), part of an ongoing series. Assets: $9.4 million. Objective: The Daily Gold Miners Bear 2x shares tries to reflect the 200% of the daily inverse, or opposite, performance of the NYSE Arca Gold Miner...
08-31-2011 10:53 AM by John Spence
An exchange traded fund tracking gold miners is back near the top of the range it has been stuck in for over a year, and some technical analysts think the ETF is poised to break out to a new record high. "When these sort of consolidations take place, I like to give the benefit...
08-24-2011 03:41 PM by Tom Lydon
A volatile exchange traded fund that profits from weakness in gold miner shares vaulted nearly 7% on Wednesday as the stocks mirrored steep losses in precious metals. Gold prices fell by about $100 an ounce in Wednesday's sell-off, while stock ETFs were higher after strong dur...
06-09-2011 04:57 PM by Tom Lydon
Gold miner stocks have been lagging gold prices lately, which has helped exchange traded funds that bet against the shares. Traders often turn to leveraged and inverse ETFs to play short-term moves in the market. They can bet against sectors with inverse or bearish ETFs, altho...
04-26-2011 10:47 AM by John Spence
Exchange traded funds (ETFs) that bet against silver have been steamrolled by the rally in "poor man's gold." However, they rose sharply on Tuesday as silver appears to have failed its first attempt to break through $50 an ounce, a level last seen more than three decades ago. ...
02-28-2011 06:00 AM by Tom Lydon
Gold exchange traded funds (ETFs) are all the rage these days, and some of the most popular funds are the most successful. However, there are some lesser-known funds that can give you access to gold, as well. [Gold ETFs Show Their Safe Haven Mettle.] Gold miner funds are a ...