Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT – Get Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $111.59, but opened at $116.93. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $121.25, with a volume of 319,073 shares.
Direxion Daily Gold Miners Index Bull 2x Shares Stock Down 4.7%
The business’s fifty day moving average is $134.15 and its 200-day moving average is $191.10. The company has a market cap of $859.87 million, a PE ratio of 22.41 and a beta of 1.25.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 1st quarter valued at $31,000. Tower Research Capital LLC TRC raised its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 473.9% in 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. bought a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the 2nd quarter worth $71,000. Federation des caisses Desjardins du Quebec raised its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 27.3% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,025 shares of the exchange traded fund’s stock worth $189,000 after purchasing an additional 220 shares during the period. Finally, StoneX Group Inc. purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the fourth quarter valued at $264,000.
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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