Direxion Daily Gold Miners Index Bull 2x ETF (NYSEARCA:NUGT) Shares Gap Down – Should You Sell?

Direxion Daily Gold Miners Index Bull 2x ETF (NYSEARCA:NUGT – Get Free Report) shares gapped down before the market opened on Wednesday. The stock had previously closed at $144.96, but opened at $136.97. Direxion Daily Gold Miners Index Bull 2x ETF shares last traded at $133.3070, with a volume of 149,041 shares traded.

Direxion Daily Gold Miners Index Bull 2x ETF Price Performance

The stock has a 50 day simple moving average of $171.26 and a two-hundred day simple moving average of $160.64. The company has a market cap of $900.43 million, a PE ratio of 22.41 and a beta of 1.33.

Hedge Funds Weigh In On Direxion Daily Gold Miners Index Bull 2x ETF

A number of institutional investors have recently modified their holdings of NUGT. Integrated Wealth Concepts LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x ETF in the second quarter valued at about $99,000. Headlands Technologies LLC acquired a new position in Direxion Daily Gold Miners Index Bull 2x ETF in the 2nd quarter valued at $1,282,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Direxion Daily Gold Miners Index Bull 2x ETF by 160.1% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,670 shares of the exchange traded fund’s stock valued at $195,000 after buying an additional 1,028 shares during the period. 180 Wealth Advisors LLC raised its position in Direxion Daily Gold Miners Index Bull 2x ETF by 4.6% during the 2nd quarter. 180 Wealth Advisors LLC now owns 3,011 shares of the exchange traded fund’s stock worth $352,000 after buying an additional 132 shares during the last quarter. Finally, Parallel Advisors LLC purchased a new position in Direxion Daily Gold Miners Index Bull 2x ETF during the 1st quarter worth $31,000.

About Direxion Daily Gold Miners Index Bull 2x ETF

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Direxion Daily Gold Miners Index Bull 2x ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily Gold Miners Index Bull 2x ETF and related companies with MarketBeat.com's FREE daily email newsletter.