Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York NY United States of America 10019
- IPO Date
- Dec 8, 2010
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the performance of the NYSE Arca Gold Miners Index, comprising publicly traded companies involved primarily in gold mining and to a lesser extent silver mining across developed and emerging markets including Canada, the United States, Australia, South Africa, the United Kingdom, China, and Peru; the fund employs financial derivatives such as swaps on the VanEck Gold Miners ETF (GDX), cash equivalents including Dreyfus Government Cash Management and Goldman Sachs Treasury funds, and achieves its objectives through passive management by Rafferty Asset Management, LLC, with distribution handled by Foreside Fund Services LLC (previously transitioning to SS&C ALPS Distributors); the fund is part of the Direxion Shares ETF Trust, headquartered at 535 Madison Avenue, 37th Floor, New York, New York, with inception on December 8, 2010, a net expense ratio of 1.13%, and approximately $1.1 billion in assets under management as of recent data. NUGT targets sophisticated investors seeking amplified short-term exposure to the materials sector, specifically metals and mining, with top index holdings including Newmont Corporation, Agnico Eagle Mines Ltd, Wheaton Precious Metals Corporation, Barrick Gold Corporation, and Franco-Nevada Corporation; it distributes income dividends quarterly, such as $0.03886 per share on July 1, 2025, and $0.14756 per share on April 1, 2025; the fund operates globally via its underlying index's constituents but trades on the NYSE Arca exchange. In recent developments, NUGT announced on July 24, 2025, a transition of its underlying benchmark from the NYSE Arca Gold Miners Index to the MarketVector Global Gold Miners Index effective on or about September 19, 2025, to maintain similar exposure to gold mining companies while enhancing fund management efficiencies; Direxion executed a reverse split for the counterpart bear fund DUST in October 2024; additionally, in September 2024, Direxion selected SS&C ALPS Distributors as its new underwriter for issuance, distribution, FINRA compliance, and expanded registered fund services to support growth.