Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $191.44, but opened at $172.92. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $167.86, with a volume of 322,568 shares changing hands.
Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance
The company’s fifty day moving average is $197.52 and its two-hundred day moving average is $201.14. The company has a market cap of $951.85 million, a price-to-earnings ratio of 22.41 and a beta of 1.18.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the first quarter worth $31,000. Tower Research Capital LLC TRC increased its stake in 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 valued at $65,000 after purchasing an additional 725 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the second quarter worth about $71,000. Caitlin John LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter worth approximately $164,000. Finally, 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 worth $189,000 after buying an additional 220 shares during 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.
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