Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $113.16 and traded as high as $167.11. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $163.37, with a volume of 1,646,549 shares trading hands.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Up 3.8%

The firm has a fifty day moving average of $113.16 and a two-hundred day moving average of $85.10. The company has a market cap of $1.07 billion, a PE ratio of 22.41 and a beta of 1.98.

Institutional Trading of Direxion Daily Gold Miners Index Bull 2x Shares

Institutional investors have recently modified their holdings of the business. Hollencrest Capital Management grew its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 640.0% in the 1st quarter. Hollencrest Capital Management now owns 740 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 640 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 473.9% in the second quarter. Tower Research Capital LLC TRC now owns 878 shares of the exchange traded fund’s stock worth $65,000 after acquiring an additional 725 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the second quarter valued at $71,000. Headlands Technologies LLC bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 1st quarter valued at $103,000. Finally, Belvedere Trading LLC bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 1st quarter valued at $265,000.

Direxion Daily Gold Miners Index Bull 2x Shares Company Profile

The Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) is an exchange-traded fund that is based on the NYSE Arca Gold Miners (NTR) index. The fund provides 2x leveraged exposure to a market-cap-weighted index of global gold and silver mining firms. NUGT was launched on Dec 8, 2010 and is managed by Direxion.