Direxion Daily Metal Miners Bull 2X Shares (MNM)
|Day's Range||32.72 - 36.12|
|Inception Date||Dec 16, 2021|
The fund invests at least 80% of its net assets in financial instruments, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is a modified equal-weighted index that is designed to measure the performance of the equity securities of companies in the S&P Total Market Index that are classified by the GICS as being in the metals and mining industry. It is non-diversified.
Top 10 Holdings73.18% of assets
|Dreyfus Government Cash Mgmt Instl||DGCXX||25.44%|
|Goldman Sachs FS Treasury Intms Instl||FTIXX||10.43%|
|Goldman Finl Sq Trsry Inst 506||N/A||9.64%|
|Reliance Steel & Aluminum Co.||RS||3.85%|
|Commercial Metals Company||CMC||3.71%|
Scarcity and utility push the value of metals. Increased demand drives the mining industry and provides traders with potential opportunities.
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 on...
After tumultuous trading in the first two weeks of March, Wall Street staged a nice comeback and has risen for two consecutive weeks.
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 biggest ...
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 industries...
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 th...