Direxion Daily Gold Miners Bull 3x Shares ETFFund
- Change -0.17 (-5.9%)
- Volume 35.31 M
2:25 PM EDT Sep 4, 2015
U.S. Markets are open
- Assets $524.8M
- Expense Ratio 0.95%
- Yield N/A
- Vs 50 Day EMA %
- Vs 200 Day EMA %
Commodity Based ETF
Direxion Daily Gold Miners Bull 3X Shares is an exchange-traded fund incorporated in the USA. The Fund's objective is daily investment results of 300% of the NYSE Arca Gold Miners Index.
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09-04-2015 02:18 PM by Tom Lydon
Exchange traded fund traders who played the recent bout of wild market swings doubled down on risk and piled into leveraged products. Traders have increasingly turned to exchange traded funds and notes that use leverage or amplify potential returns on oil, gold and natural gas...
08-20-2015 02:15 PM by Tom Lydon
Gold bullion and miner exchange traded funds are rallying and are now testing their short-term resistance as traders trim Federal Reserve rate hike bets and global volatility adds to safe-haven demand. On Thursday, the SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust (NYSE...
08-10-2015 07:00 AM by Tom Lydon
Direxion, the second-largest issuer of inverse and leveraged exchange traded funds, said it will reverse split six of its ETFs, including three well-known gold miners funds. The Direxion Daily Gold Miners Bull 3X Shares (NYSEArca: NUGT) will undergo a 1-for-10 reverse split wh...
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....
07-20-2015 12:10 PM by Todd Shriber
Gold futures are off more than 2% today, sending physically-backed gold exchange traded funds, including the SPDR Gold Shares (NYSEArca: GLD), to five-year lows. Predictably, this is awful news for gold miners stocks and the relevant ETFs. This is how bad things are getting fo...
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...
07-08-2015 01:37 PM by Todd Shriber
Bolstered bearish wagers on U.S. government bonds, combined assets under management for global inverse and leveraged exchange traded funds climbed to $63 billion as of the end of June, according to data from Boost, WisdomTree (NasdaqGM: WETF), the fifth-largest U.S. ETF issuer. ...
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...
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 ...
02-09-2015 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...
01-07-2015 02:00 PM by Todd Shriber
They are trading lower today, but there is no denying gold miners exchange traded funds have started 2015 on a torrid pace. In a repeat of what was seen at this time in 2014, gold miners ETFs dominate the top 10 non-leveraged ETFs of 2015. Yes, the new year is still in its inf...
12-10-2014 07:15 AM by Tom Lydon
The Direxion Daily Junior Gold Miners Index Bull 3x Shares (NYSEArca: JNUG) and the Direxion Daily Junior Gold Miners Index Bear 3X Shares (NYSEArca: JDST) have the benefit of first move advantage among leveraged exchange traded funds tracking junior gold miners. As such, JDST...
11-26-2014 07:30 AM by Todd Shriber
After the close of U.S. markets Tuesday, Direxion, the second-largest issuer of inverse and leveraged exchange traded funds, announced a 1-for-10 reverse split for the Direxion Daily Junior Gold Miners Index Bull 3x Shares (NYSEArca: JNUG), the triple-leveraged answer to the popu...
11-25-2014 06:32 PM by Todd Shriber
The notorious Direxion Daily Junior Gold Miners Index Bull 3x Shares (NYSEArca: JNUG), the triple-leveraged answer to the popular Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ), will finally undergo the reverse split that some market participants previously speculated was...
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...
09-24-2014 12:30 PM by Todd Shriber
After today, there are just four trading days left in the third quarter, so there is no time like the present to examine quarterly flows trends into and out of exchange traded funds. Before getting to that, it must be pointed out that on a year-to-date basis, "investors have r...
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...
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...
06-21-2014 08:00 AM by Todd Shriber
In a week marked by geopolitical flare-ups, U.S. stocks eked out gains on Friday to help the S&P 500 and Dow Jones Industrial Average close at fresh record highs. The S&P 500 is now up 6.2% year-to-date. Although it closed modestly lower Friday, the PowerShares QQQ (Na...
06-18-2014 02:00 PM by Todd Shriber
After being drubbed since peaking in mid-March, gold miners exchange traded funds are rebounding with some members of the group ranking among June's top-performing ETFs. Just look at the Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ), the second-largest gold miners ETF...
06-11-2014 02:02 PM by Tom Lydon
Assets under management for the world's inverse and leveraged exchange traded funds declined slightly to $61 billion last month, a 0.8% decrease from April. That $61 billion is still a 5% increase from December 2013, according to Boost ETP, which was recently acquired by Wisdo...
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...
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...
02-09-2014 08:00 AM by Todd Shriber
Good news continues to pile up for exchange traded funds that hold shares of gold miners. Not these ETFs need it. In what has become one of the most stunning year-to-year reversals in recent memory, precious metals mining ETFs have gone from lining the list of the 10 worst ETF...
01-21-2014 12:03 PM by Tom Lydon
Inflows to exchange traded funds were a record $247.3 billion. That marks the second consecutive year inflows topped $200 billion. Smart-beta, or non-cap weighted ETFs, continued to gain stature…and assets. Smart beta ETFs "contributed a record $65.1bn of inflows in 2013 led b...
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...
12-03-2013 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...
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...
07-26-2012 11:04 AM by Paul Weisbruch, Street One Financial
Yesterday, on a gap up in spot Gold prices (GLD and IAU up 1.40%), we saw predominantly call buying activity in a Gold Miners Equity ETF, Market Vectors TR Gold Miners (NYSEArca: GDX). GDX has amassed more than $8 billion since its inception in 2006, and has exposure to names ...
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...
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 ...