Is Buying Direxion Daily Gold Miners Index Bull 3X Shares (NYSEARCA:NUGT) Here Good Idea?

The stock of Direxion Daily Gold Miners Index Bull 3X Shares (NYSEARCA:NUGT) registered a decrease of 50.72% in short interest. NUGT’s total short interest was 4.32 million shares in December as published by FINRA. Its down 50.72% from 8.76M shares, reported previously. With 11.12M shares average volume, it will take short sellers 0 days to cover their NUGT’s short positions.

The ETF increased 0.07% or $0.01 during the last trading session, reaching $14.34. About 8.18 million shares traded. Direxion Daily Gold Miners Bull 3X ETF (NYSEARCA:NUGT) has declined 69.13% since December 6, 2017 and is downtrending. It has underperformed by 84.75% the S&P500.

More notable recent Direxion Daily Gold Miners Bull 3X ETF (NYSEARCA:NUGT) news were published by: Seekingalpha.com which released: “Gold continues to drift lower, failing to find safe-haven support – Seeking Alpha” on July 13, 2018, also Etftrends.com with their article: “Silver Miners ETFs Take Gold Medal in Mining Rally – ETF Trends” published on June 19, 2014, Seekingalpha.com published: “Gold Weekly: Feels Like The Endless Summer? – Seeking Alpha” on July 25, 2018. More interesting news about Direxion Daily Gold Miners Bull 3X ETF (NYSEARCA:NUGT) were released by: Seekingalpha.com and their article: “Did Gold Find A Bottom? – Seeking Alpha” published on August 29, 2018 as well as Seekingalpha.com‘s news article titled: “USA Vs. Russia – This Gold Security Is Your Trump Card – Seeking Alpha” with publication date: April 11, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.