- What does UGLD invest in?
- The Direxion Daily Gold Bull 2X ETF, an exchange-traded fund, was launched by Direxion Investments and is managed by Rafferty Asset Management, LLC. This ETF primarily invests in public equities, fixed-income instruments, and commodity markets within the United States. For its equity exposure, the fund targets companies operating in the metals, precious metals, and silver industries, employing both direct stock investments and derivatives. The portfolio is constructed using a long/short strategy, strategically incorporating derivative options. Its fixed-income holdings consist of U.S. Treasury securities. In the commodity sector, the fund focuses on silver, gaining exposure through direct investments, futures contracts (a type of derivative), and other funds. To facilitate investments in futures contracts and options, the fund utilizes a wholly-owned subsidiary located in the Cayman Islands. The ETF itself is domiciled in the United States.
- What is the expense ratio of UGLD?
- Direxion Daily Gold Bull 2X ETF (UGLD) charges an expense ratio of 1.09%. This is the annual fee deducted from fund assets to cover management and operations.
- What is UGLD's dividend yield?
- UGLD's trailing-twelve-month yield is 0.18%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of UGLD?
- Effective duration measures UGLD's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. UGLD's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of UGLD?
- UGLD's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of UGLD?
- Yield to maturity (YTM) is the total return you'd earn from UGLD if every bond in the portfolio is held to maturity at the current price. UGLD's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
