Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Short Interest Update

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 400,039 shares, an increase of 33.7% from the December 31st total of 299,244 shares. Currently, 7.3% of the shares of the stock are sold short. Based on an average trading volume of 635,039 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 635,039 shares, the days-to-cover ratio is currently 0.6 days. Currently, 7.3% of the shares of the stock are sold short.

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

Several hedge funds have recently modified their holdings of NUGT. IMC Chicago LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 3rd quarter worth approximately $10,013,000. Client First Investment Management LLC acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the 3rd quarter valued at $7,719,000. Simplex Trading LLC bought a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the 2nd quarter valued at $1,004,000. Qube Research & Technologies Ltd acquired a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the second quarter worth $990,000. Finally, UBS Group AG grew its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 873.8% during the third quarter. UBS Group AG now owns 9,738 shares of the exchange traded fund’s stock worth $1,504,000 after purchasing an additional 8,738 shares during the last quarter.

Direxion Daily Gold Miners Index Bull 2x Shares Price Performance

Shares of NUGT traded down $72.21 during trading hours on Friday, hitting $213.91. The stock had a trading volume of 2,313,093 shares, compared to its average volume of 879,946. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 22.41 and a beta of 1.08. The company’s fifty day moving average is $205.48 and its two-hundred day moving average is $150.75. Direxion Daily Gold Miners Index Bull 2x Shares has a 52 week low of $44.30 and a 52 week high of $317.99.

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.