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Upturn AI SWOT - About
Direxion Daily Gold Miners Index Bull 2X Shares (NUGT)
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Upturn Advisory Summary
01/30/2025: NUGT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit -15.63% | Avg. Invested days 29 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 01/30/2025 |
Key Highlights
Volume (30-day avg) 1577006 | Beta 1.61 | 52 Weeks Range 33.99 - 64.71 | Updated Date 04/2/2025 |
52 Weeks Range 33.99 - 64.71 | Updated Date 04/2/2025 |
Upturn AI SWOT
Direxion Daily Gold Miners Index Bull 2X Shares
ETF Overview
Overview
The Direxion Daily Gold Miners Index Bull 2X Shares (DUST) seeks daily investment results, before fees and expenses, of 200% of the performance of the NYSE Arca Gold Miners Index. It primarily focuses on providing leveraged exposure to gold mining companies.
Reputation and Reliability
Direxion is known for providing leveraged and inverse ETFs. While they offer diverse investment options, their products are inherently risky.
Management Expertise
Direxion has a dedicated team managing specialized ETFs. Their expertise lies in constructing and managing leveraged and inverse products.
Investment Objective
Goal
To seek daily investment results, before fees and expenses, of 200% of the performance of the NYSE Arca Gold Miners Index.
Investment Approach and Strategy
Strategy: Tracks the NYSE Arca Gold Miners Index with 2x leverage, aiming for double the daily performance of the index.
Composition Primarily invests in financial instruments, such as swap agreements, to obtain leveraged exposure to the stocks in the NYSE Arca Gold Miners Index.
Market Position
Market Share: DUST holds a portion of the market share in the leveraged gold miners ETF segment, which is a niche market within the broader ETF landscape.
Total Net Assets (AUM): 157284185.27
Competitors
Key Competitors
- NUGT
Competitive Landscape
The leveraged gold miners ETF market is competitive with a few key players. DUST offers a 2x leveraged bull exposure, while competitors like NUGT (Direxion Daily Gold Miners Index Bull 2X Shares) offer a similar product but focus on the Bull side. The advantages and disadvantages depend on the investor's risk tolerance and market outlook.
Financial Performance
Historical Performance: Historical performance data is volatile due to the leveraged nature of the ETF. Past performance is not indicative of future results.
Benchmark Comparison: The ETF aims to achieve 200% of the daily performance of its benchmark index, but due to compounding, long-term results can significantly deviate.
Expense Ratio: 0.94
Liquidity
Average Trading Volume
The ETF exhibits moderate liquidity, reflected in its average trading volume.
Bid-Ask Spread
The bid-ask spread can fluctuate, especially during periods of high market volatility, which impacts the cost of trading.
Market Dynamics
Market Environment Factors
Economic indicators like inflation, interest rates, and global economic growth, along with investor sentiment toward gold and mining companies, significantly affect DUST's performance.
Growth Trajectory
The growth trajectory is highly dependent on the price of gold and the performance of gold mining companies. Strategy and holdings can be adjusted based on market conditions.
Moat and Competitive Advantages
Competitive Edge
DUST's competitive advantage lies in its ability to provide a leveraged exposure to gold miners. Its unique strategy caters to investors seeking short-term gains tied to the gold mining sector's performance. However, high volatility and potential for significant losses limit its appeal. The ETF's leverage can amplify gains, but also magnifies losses, making it a high-risk investment.
Risk Analysis
Volatility
The ETF exhibits high volatility due to its leveraged nature. Expect wide price swings.
Market Risk
DUST is subject to the market risk associated with gold mining companies and the broader market. Leverage amplifies these risks.
Investor Profile
Ideal Investor Profile
DUST is suited for sophisticated investors with a high-risk tolerance and a short-term investment horizon.
Market Risk
Best suited for active traders seeking short-term tactical exposure to the gold mining sector; unsuitable for long-term investors.
Summary
The Direxion Daily Gold Miners Index Bull 2X Shares (DUST) is a leveraged ETF that provides daily 2x exposure to the NYSE Arca Gold Miners Index. It is a high-risk, high-reward investment vehicle best suited for active traders with a short-term outlook on gold mining companies. The leveraged nature amplifies both gains and losses, requiring careful monitoring. Due to compounding effects, its long-term performance can deviate significantly from its benchmark index.
Similar Companies
GDXU
MicroSectors Gold Miners 3X Leveraged ETNs
GDXU
MicroSectors Gold Miners 3X Leveraged ETNs
GOAU
U.S. Global GO GOLD and Precious Metal Miners ETF
GOAU
U.S. Global GO GOLD and Precious Metal Miners ETF
JNUG
Direxion Daily Junior Gold Miners Index Bull 2X Shares
JNUG
Direxion Daily Junior Gold Miners Index Bull 2X Shares
NUGT
Direxion Daily Gold Miners Index Bull 2X Shares
NUGT
Direxion Daily Gold Miners Index Bull 2X Shares
Sources and Disclaimers
Data Sources:
- Direxion Investments Website
- ETF.com
- Yahoo Finance
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investing in leveraged ETFs involves significant risk and potential for loss. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Direxion Daily Gold Miners Index Bull 2X Shares
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The index is comprised of publicly traded common stocks, ADRs or global depositary receipts of companies that operate globally in both developed and emerging markets, and the index provider defines as involved primarily in mining for gold and, to a lesser extent, in mining for silver. The fund invests at least 80% of its net assets in financial instruments, that, in combination, provide 2X daily leveraged exposure to the index, consistent with the fund's investment objective. It is non-diversified.
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