Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT – Get Free Report) traded down 7.8% on Friday . The company traded as low as $109.38 and last traded at $109.50. Approximately 177,184 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 697,699 shares. The stock had previously closed at $118.80.
Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance
The firm has a market capitalization of $848.31 million, a P/E ratio of 22.41 and a beta of 1.25. The firm has a 50-day moving average of $129.60 and a 200-day moving average of $187.83.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC increased its position in Direxion Daily Gold Miners Index Bull 2x Shares by 3.2% during the fourth quarter. NewEdge Advisors LLC now owns 2,224 shares of the exchange traded fund’s stock valued at $409,000 after acquiring an additional 69 shares during the last quarter. 180 Wealth Advisors LLC lifted its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 4.6% in the second quarter. 180 Wealth Advisors LLC now owns 3,011 shares of the exchange traded fund’s stock valued at $352,000 after acquiring an additional 132 shares during the period. Parallel Advisors LLC purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the first quarter worth about $31,000. HighTower Advisors LLC boosted its position in Direxion Daily Gold Miners Index Bull 2x Shares by 12.2% in the fourth quarter. HighTower Advisors LLC now owns 1,721 shares of the exchange traded fund’s stock worth $316,000 after purchasing an additional 187 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec boosted its position in Direxion Daily Gold Miners Index Bull 2x Shares by 27.3% in the fourth 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 last quarter.
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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