Millennium Capital Advisors LLC bought a new position in Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT – Free Report) during the 4th quarter, HoldingsChannel reports. The fund bought 3,306 shares of the exchange traded fund’s stock, valued at approximately $608,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 473.9% during 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. JPMorgan Chase & Co. raised its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 40.5% during the third quarter. JPMorgan Chase & Co. now owns 2,676 shares of the exchange traded fund’s stock valued at $413,000 after purchasing an additional 771 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 valued at approximately $71,000. Caitlin John LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter valued at approximately $164,000. Finally, PFG Investments LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter valued at approximately $232,000.
Direxion Daily Gold Miners Index Bull 2x Shares Stock Down 14.2%
NUGT opened at $164.25 on Friday. The firm has a 50 day moving average price of $195.62 and a 200-day moving average price of $200.88. Direxion Daily Gold Miners Index Bull 2x Shares has a twelve month low of $57.40 and a twelve month high of $320.79. The stock has a market capitalization of $960.86 million, a price-to-earnings ratio of 22.41 and a beta of 1.18.
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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Want to see what other hedge funds are holding NUGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT – Free Report).
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