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

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 397,061 shares, a growth of 29.1% from the February 12th total of 307,492 shares. Based on an average daily trading volume, of 580,384 shares, the short-interest ratio is presently 0.7 days. Currently, 7.2% of the company’s stock are sold short. Currently, 7.2% of the company’s stock are sold short. Based on an average daily trading volume, of 580,384 shares, the short-interest ratio is presently 0.7 days.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Down 11.9%

NYSEARCA:NUGT traded down $26.95 on Friday, hitting $200.13. The stock had a trading volume of 1,069,515 shares, compared to its average volume of 811,940. Direxion Daily Gold Miners Index Bull 2x Shares has a 52 week low of $47.11 and a 52 week high of $320.79. The business’s fifty day moving average is $248.82 and its 200 day moving average is $186.42. The company has a market cap of $1.11 billion, a PE ratio of 22.41 and a beta of 1.08.

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

Several hedge funds have recently bought and sold shares of NUGT. NewEdge Advisors LLC increased its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 3.2% during the 4th quarter. NewEdge Advisors LLC now owns 2,224 shares of the exchange traded fund’s stock valued at $409,000 after purchasing an additional 69 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 12.2% in the fourth quarter. HighTower Advisors LLC now owns 1,721 shares of the exchange traded fund’s stock valued at $316,000 after buying an additional 187 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 27.3% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,025 shares of the exchange traded fund’s stock valued at $189,000 after buying an additional 220 shares during the last quarter. Harbour Investments Inc. grew its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 11.1% during the fourth quarter. Harbour Investments Inc. now owns 4,129 shares of the exchange traded fund’s stock valued at $759,000 after buying an additional 413 shares during the last quarter. Finally, CreativeOne Wealth LLC increased its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 32.9% during the fourth quarter. CreativeOne Wealth LLC now owns 2,219 shares of the exchange traded fund’s stock worth $408,000 after acquiring an additional 549 shares in the last quarter.

About Direxion Daily Gold Miners Index Bull 2x Shares

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.