Direxion Daily Gold Miners Index Bull 2x ETF (NYSEARCA:NUGT – Get Free Report) fell 7.9% on Monday . The stock traded as low as $167.58 and last traded at $168.3540. 214,315 shares were traded during trading, a decline of 70% from the average daily volume of 702,874 shares. The stock had previously closed at $182.76.
Direxion Daily Gold Miners Index Bull 2x ETF Stock Performance
The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 22.41 and a beta of 1.37. The business’s 50 day moving average is $151.62 and its 200-day moving average is $171.43.
Hedge Funds Weigh In On Direxion Daily Gold Miners Index Bull 2x ETF
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Qube Research & Technologies Ltd acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x ETF in the second quarter valued at $990,000. Raymond James Financial Inc. bought a new stake in Direxion Daily Gold Miners Index Bull 2x ETF during the 2nd quarter worth about $71,000. Tower Research Capital LLC TRC increased its stake in shares of Direxion Daily Gold Miners Index Bull 2x ETF by 473.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 878 shares of the exchange traded fund’s stock valued at $65,000 after acquiring an additional 725 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Direxion Daily Gold Miners Index Bull 2x ETF by 40.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,676 shares of the exchange traded fund’s stock valued at $413,000 after buying an additional 771 shares during the period. Finally, CreativeOne Wealth LLC acquired a new position in Direxion Daily Gold Miners Index Bull 2x ETF in the third quarter valued at about $258,000.
Direxion Daily Gold Miners Index Bull 2x ETF 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.
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