How have MNM shares performed in 2023?

Direxion Daily Metals & Mining Bull 2X Shares' stock was trading at $29.9773 on January 1st, 2023. Since then, MNM shares have decreased by 2.7% and is now trading at $29.16. View the best growth stocks for 2023 here .

What does MNM invest in?

Direxion Daily Metals & Mining Bull 2X Shares is a equity fund issued by Direxion. MNM focuses on broad equity investments and follows the S&P Metals and Mining Select Industry Index. The fund's investments total to approximately $5.86 million assets under management.

What stocks does Direxion Daily Metals & Mining Bull 2X Shares hold?

MNM invests in 11 holdings. Some of the stocks in their portfolio include Hecla Mining (HL) , Newmont (NEM) , Royal Gold (RGLD) , Freeport-McMoRan (FCX) , CONSOL Energy (CEIX) , Commercial Metals (CMC) , Reliance Steel & Aluminum (RS) , Peabody Energy (BTU) , ATI (ATI) and United States Steel (X) .

What is the management fee for Direxion Daily Metals & Mining Bull 2X Shares?

Direxion Daily Metals & Mining Bull 2X Shares' management fee is 0.75% and has other expenses of 0.32%. However, MNM has a fee waiver of -0.02% to reimburse the expenses. The net expense ratio for MNM is 1.07%.

How do I buy shares of Direxion Daily Metals & Mining Bull 2X Shares?

Shares of MNM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Direxion Daily Metals & Mining Bull 2X Shares (MNM) Price, Holdings, & News

$29.16

-1.67 (-5.42%)

(As of 04/21/2023)

Compare

Today's Range: $28.80
▼
$30.09
50-Day Range: $29.16
▼
$29.16
52-Week Range: $20.93
▼
$52.91

Volume: 15,200 shs
Average Volume: 9,762 shs
Market Capitalization: $7.29 million

Assets Under Management: $5.86 million
Dividend Yield: 0.93%
Net Expense Ratio: 1.07%

Stock Analysis Holdings Ownership Ratings

About Direxion Daily Metals & Mining Bull 2X Shares

The Direxion Daily Metals & Mining Bull 2X Shares (MNM) is an exchange-traded fund that is based on the S&P TMI index. The fund tracks 2x the daily price movements of an equal-weighted index of US metals and mining companies. MNM was launched on Dec 16, 2021 and is managed by Direxion.

MNM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MNM ETF News Headlines

February 24, 2023 | seekingalpha.com

JDST Direxion Daily Junior Gold Miners Index Bear -2X Shares

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Fund Details

Issuer: Direxion
Fund Name: Direxion Daily Metal Miners Bull 2X Shares
Tax Classification: Regulated Investment Company
Stock Exchange: NYSEARCA
Current Symbol: NYSEARCA:MNM
Inception Date: 12/16/2021
Fund Manager: Paul Brigandi, Tony Ng
Web: N/A
Phone: N/A

Fund Focus

Asset Class: Equity
Benchmark: S&P Metals and Mining Select Industry Index
Category: Broad Equity
Focus: Broad Equity
Development Level: Developed Markets
Region: North America
Number of Holdings: 11

Fund Statistics

Assets Under Management: $5.86 million
Average Daily Volume: $0.00
Discount/Premium: -0.15%
Leveraged: 2.00

Administrator, Advisor and Custodian

Administrator: U.S. Bancorp Fund Services, LLC
Advisor: Rafferty Asset Management, LLC
Custodian: The Bank of New York Mellon Corporation
Distributor: Foreside Fund Services, LLC
Transfer Agent: The Bank of New York Mellon Corporation
Trustee: N/A
Lead Market Maker: Susquehanna

Miscellaneous

Outstanding Shares: 250,000
Beta: 2.72
Creation Unit: 50,000
Creation Fee: $250.00

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Direxion Daily Metals & Mining Bull 2X Shares Expenses

Type	MNM	Broad Equity ETFs	Equity ETFs	NYSEARCA ETFs	All ETFs
Management Fee	0.75%	0.52%	0.53%	0.50%	0.50%
Other Expenses	0.32%	0.53%	0.53%	0.64%	0.57%
Total Expense	1.09%	0.77%	0.69%	0.73%	0.69%
Fee Waiver	-0.02%	-0.41%	-0.54%	-0.69%	-0.57%
Net Expense	1.07%	0.61%	0.59%	0.57%	0.57%

Direxion Daily Metals & Mining Bull 2X Shares (MNM) Holdings

Top 10 MNM Holdings

S&P METALS AND MINING SELECT INDUSTRY INDEX SWAP
Holding Weight: 71.59%
S&P METALS AND MINING SELECT INDUSTRY INDEX SWAP
Holding Weight: 47.51%
DREYFUS GOVT CASH MGMT
Holding Weight: 19.00%
Hecla Mining(NYSE:HL)
Holding Weight: 4.43%
Newmont(NYSE:NEM)
Holding Weight: 4.33%
Royal Gold(NASDAQ:RGLD)
Holding Weight: 4.31%
Freeport-McMoRan(NYSE:FCX)
Holding Weight: 3.78%
CONSOL Energy(NYSE:CEIX)
Holding Weight: 3.69%
Commercial Metals(NYSE:CMC)
Holding Weight: 3.55%
Reliance Steel & Aluminum(NYSE:RS)
Holding Weight: 3.52%

Full Holdings Details

Similar ETFs

MNM ETF - Frequently Asked Questions

How have MNM shares performed in 2023?: Direxion Daily Metals & Mining Bull 2X Shares' stock was trading at $29.9773 on January 1st, 2023. Since then, MNM shares have decreased by 2.7% and is now trading at $29.16.
View the best growth stocks for 2023 here.
What does MNM invest in?: Direxion Daily Metals & Mining Bull 2X Shares is a equity fund issued by Direxion. MNM focuses on broad equity investments and follows the S&P Metals and Mining Select Industry Index. The fund's investments total to approximately $5.86 million assets under management.
What stocks does Direxion Daily Metals & Mining Bull 2X Shares hold?: MNM invests in 11 holdings. Some of the stocks in their portfolio include Hecla Mining (HL), Newmont (NEM), Royal Gold (RGLD), Freeport-McMoRan (FCX), CONSOL Energy (CEIX), Commercial Metals (CMC), Reliance Steel & Aluminum (RS), Peabody Energy (BTU), ATI (ATI) and United States Steel (X).

What is the management fee for Direxion Daily Metals & Mining Bull 2X Shares?: Direxion Daily Metals & Mining Bull 2X Shares' management fee is 0.75% and has other expenses of 0.32%. However, MNM has a fee waiver of -0.02% to reimburse the expenses. The net expense ratio for MNM is 1.07%.
How do I buy shares of Direxion Daily Metals & Mining Bull 2X Shares?: Shares of MNM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSEARCA:MNM) was last updated on 12/4/2023 by MarketBeat.com Staff

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