Symbols

NUGT

Direxion Daily Gold Miners Index Bull 2X Shares·NYSE

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Key Stats

Assets Under Management

1.14BUSD

Fund Flows (1Y)

-624.25MUSD

Dividend Yield

0.20%

Discount/Premium to NAV

-0.18%

Shares Outstanding

5.85M

Expense Ratio

1.13%

About Direxion Daily Gold Miners Index Bull 2X Shares

Issuer

Rafferty Asset Management, LLC

Brand

Direxion

Home Page

https://www.direxion.com/product/daily-gold-miners-bull-bear-2x-etfs

Inception Date

Dec 8, 2010

Structure

Open-Ended Fund

Index Tracked

NYSE Arca Gold Miners Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Rafferty Asset Management LLC

Distributor

Foreside Fund Services LLC

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.