what is nugt stock

by Mr. Murray Kerluke Published 2 years ago Updated 2 years ago

How to trade nugt?

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 …

What is the stock nugt trading at?

May 13, 2022 · Real-time trade and investing ideas on Direxion Shares ETF Trust - Direxion Daily Gold Miners Index Bull 2X Shares NUGT from the largest community of traders and investors.

Why is nugt down?

Dec 24, 2021 · The Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) is a leveraged ETF. The fund seeks returns for short-term trades of a single day and is best suited for active, experienced investors who...

How do investors buy and sell stock?

May 13, 2022 · Sell candidate since 2022-04-21 Loss -35.74% PDF. The Direxion Daily Gold Miners Bull 3X ETF price gained 3.99% on the last trading day (Friday, 13th May 2022), rising from $42.89 to $44.60. During the day the ETF fluctuated 6.76% from a day low at $42.68 to a day high of $45.56. The price has fallen in 7 of the last 10 days and is down by -23 ...

Is Nugt stock a good investment?

The Bottom Line

The Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) can be an attractive trade in the short term for investors that are aware of the risk and time frame of trading a leveraged ETF, as well as understanding the gold market.

What is Nugt and dust?

The Direxion Daily Gold Miners Index Bull (NUGT) and Bear (DUST) 2X Shares seek daily investment results, before fees and expenses, of either 200%, or 200% of the inverse (or opposite), of the performance of the NYSE Arca Gold Miners Index. ^**

Is Nugt good for long-term investment?

NUGT Stock: Verdict

I would never buy NUGT stock as a long-term investment. The performance since its launch in 2011 is staggeringly bad. If you are going to buy NUGT stock, please do so as a short-term trade, and get out at the first sign of trouble.May 13, 2016

Does Nugt pay a dividend?

NUGT does not currently pay a dividend.

When did Nugt reverse split?

April 23, 2020

As a result of the reverse stock split, each NUGT Common Share will be converted into the right to receive 0.20 (New) Direxion Daily Gold Miners Index Bull 2X Shares. The reverse stock split will become effective before the market open on April 23, 2020.Apr 14, 2020

What is DUST ETF?

DUST is an aggressive inverse play on the widely followed gold mining index, the NYSE Arca Gold Miners Index. The fund promises to provide inverse exposure to these firms with a leverage factor of 2 on a daily basis. Like most leveraged and inverse products, it's designed to provide a one-day bet on the index.

What is the difference between Nugt and JNUG?

JNUG is for “junior” small cap gold mining companies, while NUGT is for more established, mature gold mining companies. If you want to invest in gold mining ETFs and are deciding between NUGT and JNUG, the ultimate decision will come down to whether you want to invest in large or small gold mining firms.

What does Bear 2X Shares mean?

Bull (GUSH) and Bear (DRIP) 2X Shares seek daily investment results, before fees and expenses, of 200%, or 200% of the inverse (or opposite), of the performance of the S&P Oil & Gas Exploration & Production Select Industry Index.

Should I invest in JNUG?

But there are also good reasons to expect the JNUG ETF is headed lower in the medium-term. In addition, the price of gold will likely underperform in the long-term. At this point, gold is a great medium-term trade, but a terrible long-term investment. But the JNUG ETF is too dangerous to hold even in the medium-term.Jul 24, 2020

Signals & Forecast

The Direxion Daily Gold Miners Bull 3X ETF holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.

Support, Risk & Stop-loss

On the downside, the ETF finds support just below today's level from accumulated volume at $54.97 and $51.43. There is natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level.

Is Direxion Daily Gold Miners Bull 3X ETF ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Direxion Daily Gold Miners Bull 3X ETF to perform well in the short-term.

About Direxion Daily Gold Miners Bull 3X ETF

The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, ETFs that track the index, securities of the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index.

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

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Why Invest In Gold Miners ETFs?

Gold has been an attractive investment vehicle for centuries, well before the founding of the first stock exchange. The common reasons for investing in gold include:

What Is JNUG?

JNUG [NYSEArca: JNUG] – Direxion Daily Junior Gold Miners Index Bull 3X Shares – is a gold mining ETF that was created in October 2013. This ETF consists of junior gold and silver companies that operate in both developed and emerging markets.

Investing In NUGT

Like JNUG, NUGT [NYSEArca: NUGT] – Direxion Daily Gold Miners Index Bull 3X Shares – is one of the most popular gold miners ETFs.

JNUG Vs NUGT: Which is a Better Investment?

Both JNUG and NUGT are leveraged ETFs that are financial derivatives of other financial derivatives, which can make investing in them a risky game to play.

NUGT Vs JNUG: The Bottom Line

It’s important for investors not to be fooled by “get rich quick” promises when it comes to JNUG and NUGT.

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Overview

These leveraged ETFs seek a return that is 200% or -200% of the return of their benchmark index for a single day. The funds should not be expected to provide two times or negative two times the return of the benchmark’s cumulative return for periods greater than a day.

Target Index

The NYSE Arca Gold Miners Index (GDMNTR) is a modified market capitalization weighted index comprised of publicly traded companies that operate globally in both developed and emerging markets, and are involved primarily in mining for gold and, to a lesser extent, in mining for silver.

Strategy & Benefits

You know that TRADING is different than investing. But the opportunity to take advantage of short-term trends is only won, if you get the direction right.

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