Dallas, Texas 07/15/2013 (Financialstrend) – The exchange traded fund, Direxion Shares Exchange Traded Fund Trust (NYSEARCA:NUGT) proves effective at providing highly practical and suitable for today’s market challenges investment solutions. The ETF comprises highly liquid, institutional style strategies which prove to be suitable for investment. The exchange traded fund of Direxion shares proves effective to manage the risk adjusted performance of portfolios of the investors through the currently evolving market conditions.
The ETF of Direxion shares consist of publicly traded companies operating in the mining and exploration of two precious metals of gold and silver. The fund operates as a non-diversified modified fund of new market capitalization. It has recently announced in the month of June 2013 that the income distribution to the unit holders of the fund will be made according to the schedule and the dividend distribution on the fund was made as planned on June 20, 2013. In line with such developments, the portfolio of the Direxion shares ETF was adjusted in accordance with the amount of dividend distributions that were made to the unit holders of the fund and further adjustments were made to the fund’s net assets.
Direxion Shares Exchange Traded Fund Trust (NYSEARCA:NUGT) closed at $5.66 on Friday, recording a decrease of 6.14% for the stock. During the day, the stock was fluctuating between a low intraday price of $5.42 and a high intraday price of $5.88 per share. The stock currently has a 52-week low of $4.55 and a 52-week high of $485.25 per share. The ETF has a market cap of $463.04 billion. The stock witnessed active trading in around 1.97 million shares on Friday.