Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT – Get Free Report)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $158.82, but opened at $149.35. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $144.73, with a volume of 290,012 shares traded.
Direxion Daily Gold Miners Index Bull 2x Shares Trading Down 14.8%
The business’s fifty day simple moving average is $183.80 and its 200 day simple moving average is $203.66. The stock has a market cap of $791.33 million, a P/E ratio of 22.41 and a beta of 1.16.
Institutional Investors Weigh In On Direxion Daily Gold Miners Index Bull 2x Shares
A number of hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC bought a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the 1st quarter worth about $31,000. Optiver Holding B.V. boosted its stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 72.3% in the 1st quarter. Optiver Holding B.V. now owns 3,052 shares of the exchange traded fund’s stock valued at $575,000 after purchasing an additional 1,281 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 1st quarter worth approximately $753,000. Virtu Financial LLC grew its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 548.5% during the 4th quarter. Virtu Financial LLC now owns 35,648 shares of the exchange traded fund’s stock worth $6,554,000 after buying an additional 30,151 shares during the period. Finally, NewEdge Advisors LLC grew its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 3.2% during the 4th quarter. NewEdge Advisors LLC now owns 2,224 shares of the exchange traded fund’s stock worth $409,000 after buying an additional 69 shares during the period.
Direxion Daily Gold Miners Index Bull 2x Shares 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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