NUGT: A Primer On The Structure And Suitability Of This 2x Leveraged ETF

2025-10-01 17:47:57 ET

The Direxion Daily Gold Miners Index Bull 2X Shares ETF ( NUGT ) is an exchange-traded fund that investors can use to make a directional bet on the performance of the MarketVector Global Gold Miners Index on a daily basis. However, the fund’s website describes NUGT thusly:

The Direxion Daily Gold Miners Index Bull and Bear 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.

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