Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Gap Up – Here’s Why

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) shares gapped up before the market opened on Monday . The stock had previously closed at $133.80, but opened at $143.99. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $146.6180, with a volume of 523,746 shares traded.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 22.41 and a beta of 1.08. The company has a fifty day simple moving average of $139.63 and a two-hundred day simple moving average of $99.06.

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

Large investors have recently made changes to their positions in the company. Hollencrest Capital Management lifted its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 640.0% during the 1st quarter. Hollencrest Capital Management now owns 740 shares of the exchange traded fund’s stock worth $46,000 after buying an additional 640 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 473.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 878 shares of the exchange traded fund’s stock worth $65,000 after purchasing 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 2nd quarter worth about $71,000. PFG Investments LLC bought a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter valued at about $232,000. Finally, Headlands Technologies LLC bought a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the first quarter valued at about $103,000.

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.