Direxion Daily Gold Miners Index Bull 2X Shares (NUGT)

Profile

Direxion Daily Gold Miners Index Bull 2X Shares is a leveraged exchange-traded fund designed to provide daily, before-fee-and-expense results equal to 200% of the performance of the NYSE Arca Gold Miners Index. The fund gives investors concentrated exposure to companies primarily involved in gold mining and, to a lesser extent, silver mining across developed and emerging markets. It uses financial instruments such as swaps and related derivatives to achieve its leveraged objective, making it a specialized tool for short-term tactical positioning rather than long-term index tracking. Managed by Direxion, the fund focuses on a narrow segment of the equity market centered on precious-metals producers, offering a way to express a bullish view on the gold-mining industry through a single security. It is used in portfolios that seek amplified daily movement tied to mining equities and is classified as a non-diversified fund.