Direxion Shares Exchange Traded Fund Trust - Daily Gold Miners Bull 3X Shares is an open-end manament investment company. The Fund seeks daily investment results, before fees and expenses, of 300% of the performance of the NYSE Arca Gold Miners Index. The fund creates long positions by investing at least 80% of net assets in the equity securities that comprise the index and/or financial instruments that provide leveraged and unleveraged exposure to the index. As of Oct 31 2015, the Fund's total assets were $774,522,420 and its investment portfolio was valued at $459,869,517. We show 233 historical shares outstanding datapoints in our NUGT shares outstanding history coverage, used to compute NUGT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing NUGT market cap history over the course of time is important for investors
interested in comparing NUGT's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of NUGT versus a peer is one thing; comparing
NUGT market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like NUGT can fluctuate over the course of history.
With this page we aim to empower investors researching NUGT by allowing them to research the NUGT market cap history. |
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Video: The Importance of Market Cap
