Flows To Observe: Direxion Shares Exchange Traded Fund Trust Received $255.81M Net Flows Amid 23.27% Assets Increase

Flows To Observe: Direxion Shares Exchange Traded Fund Trust Received $255.81M Net Flows Amid 23.27% Assets Increase

Today were released Direxion Shares Exchange Traded Fund Trust (NYSEARCA:NUGT)‘s weekly net flows. The ETF registered $255.81M weekly asset inflows for 23.27% increase, reaching $1355.11M last week. The chart of Direxion Shares Exchange Traded Fund Trust shows positive weekly setup. In the net flows calculation is not included the performance of the etf but only share redemptions (outflows) and share purchases (inflows). Net inflows create excess cash for managers to invest, which theoretically creates demand for the etf’s holdings. The stock increased 1.71% or $0.2 on October 7, hitting $11.9. Direxion Shares Exchange Traded Fund Trust (NYSEARCA:NUGT) has declined 11.02% since March 7, 2016 and is downtrending. It has underperformed by 18.61% the S&P500.

The ETF’s YTD performance is 289.83%, the 1 year is 227.51% and the 3 year is -42.68%.

The ETF’s average P/E ratio is 25.5, the price to book is 1.53, the price to sales is 2.7 and the price to cashflow is 7.85. Direxion Shares Exchange Traded Fund Trust is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. The fund’s top holdings are: VanEck Vectors Gold Miners ETF for 49.59% of assets, Fidelity Institutional Go for 12.33%, Ve Vectors Gld Miners for 7.80%, Goldman Finl Sq Trsry Ins for 2.45%. The ETF sector weights are: Basic Materials 100.00%. The ETF currently as 0% yield.

More notable recent Direxion Shares Exchange Traded Fund Trust (NYSEARCA:NUGT) news were published by: Investorplace.com which released: “Use Direxion Shares Exchange Traded Fund Trust (NUGT) to Pounce on This Bounce” on October 07, 2016, also Profitconfidential.com with their article: “Triple-Digit Upside for Direxion Shares Exchange Traded Fund Trust?” published on August 23, 2016, Learnbonds.com published: “Feds Adopt Hawkish Stand: Gold, Direxion Shares Exchange Traded Fund Trust …” on August 29, 2016. More interesting news about Direxion Shares Exchange Traded Fund Trust (NYSEARCA:NUGT) were released by: Learnbonds.com and their article: “Gold: Fed Stance Triggers Volatility for Direxion Shares Exchange Traded Fund …” published on September 26, 2016 as well as Learnbonds.com‘s news article titled: “Direxion Shares Exchange Traded Fund Trust Could Soar as Analyst Foresee 40 …” with publication date: September 21, 2016.

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