Direxion Daily Metals & Mining Bull 2X Shares (MNM)
| Assets | $7.89M |
| Expense Ratio | 1.07% |
| PE Ratio | 4.87 |
| Shares Out | 250,000 |
| Dividend (ttm) | $0.41 |
| Dividend Yield | 1.30% |
| Ex-Dividend Date | Mar 21, 2023 |
| Payout Ratio | 6.41% |
| 1-Year Return | -41.54% |
| Volume | 7,802 |
| Open | 31.92 |
| Previous Close | 31.42 |
| Day's Range | 31.84 - 32.21 |
| 52-Week Low | 20.93 |
| 52-Week High | 62.09 |
| Beta | 3.63 |
| Holdings | 41 |
| Inception Date | Dec 16, 2021 |
About MNM
The Direxion Daily Metals & Mining Bull 2X Shares (MNM) is an exchange-traded fund that is based on the S&P TMI index. The fund tracks 2x the daily price movements of an equal-weighted index of US metals and mining companies. MNM was launched on Dec 16, 2021 and is managed by Direxion.
Top 10 Holdings
159.31% of assets| Name | Symbol | Weight |
|---|---|---|
| S&P METALS AND MINING SELECT INDUSTRY INDEX SWAP | n/a | 74.78% |
| S&P METALS AND MINING SELECT INDUSTRY INDEX SWAP | n/a | 44.22% |
| DREYFUS GOVT CASH MGMT | n/a | 12.21% |
| GOLDMAN FINL SQ TRSRY INS | n/a | 4.75% |
| Hecla Mining Company | HL | 4.29% |
| Newmont Corporation | NEM | 4.15% |
| Royal Gold, Inc. | RGLD | 4.02% |
| Reliance Steel & Aluminum Co. | RS | 3.69% |
| Freeport-McMoRan Inc. | FCX | 3.64% |
| Peabody Energy Corporation | BTU | 3.58% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 21, 2023 | $0.14431 | Mar 28, 2023 |
| Dec 20, 2022 | $0.12175 | Dec 28, 2022 |
| Sep 20, 2022 | $0.08899 | Sep 27, 2022 |
| Jun 22, 2022 | $0.05857 | Jun 29, 2022 |
News
Silver Could See Upside in 2023: A Leveraged ETF to Consider
Unlike gold, silver can be an intriguing metals exposure option given that it can serve as an industrial or a precious metal. Some analysts are seeing upside for 2023, which should reverse the course ...
Despite Rising Dollar, This Metals Mining ETF Is Up 13% YTD
Despite a rough start to the second half of 2022, the Direxion Daily Metal Miners Bull 2X Shares (MNM) is still up about 13% for the year. The fund is holding onto its early strength despite a rising ...
Supply Concerns, Demand Uncertainty Could Push This Metals/Mining ETF Higher
Supply concerns and uncertain market demand will weigh heavy on metals and mining. A hawkish U.S. Federal Reserve will also provide additional market forces on metals that could counter any bullish ta...
Trade Increasing Demand for Earth Metals With This Leveraged ETF
Scarcity and utility push the value of metals. Increased demand drives the mining industry and provides traders with potential opportunities.
Play Upside in Metals and Mining With This Leveraged ETF
With the world moving towards renewable energy sources and decarbonization, metal mining will play a critical role, according to a Financial Times article. However, the world will need to up the ante ...
5 Top-Performing Leveraged/Inverse ETFs of Q1
The appeal for leveraged and inverse-leveraged ETFs has increased as these fetch outsized returns on quick market turns in a short span.
5 Leveraged ETFs That Gained More Than 30% in March
After tumultuous trading in the first two weeks of March, Wall Street staged a nice comeback and has risen for two consecutive weeks.
5 Leveraged ETFs Up More Than 20% in February
Geopolitics kept investors on their toes in February after Russia-Ukraine tensions escalated. Though all the major U.S. indices posted sharp losses during the month, a few sectors have been the bigges...
6 Best-Leveraged ETF Areas of Last Week
Wall Street put up a moderate show last week with the key indexes yielding positive results despite a few headwinds.
Direxion Adds Two New ETF Offerings to Their Leveraged Lineup
On Thursday, Direxion announced the launch of two new leveraged ETF offerings focused around mining and metals and also technology software. Both are two times leveraged bull positions on the industri...
Direxion Launches New Daily 2X Leveraged Metals and Mining ETF (MNM)
NEW YORK, Dec. 16, 2021 /PRNewswire/ -- Direxion announced today the launch of the Direxion Daily Metal Miners Bull 2X Shares (Ticker: MNM). The Fund seeks to achieve 200% of the daily performance of ...