Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Gap Down – Time to Sell?

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGTGet Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $189.73, but opened at $176.77. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $184.5330, with a volume of 212,355 shares.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Up 6.2%

The stock has a market cap of $1.42 billion, a PE ratio of 22.41 and a beta of 1.25. The stock’s fifty day moving average price is $141.95 and its 200 day moving average price is $174.71.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Qube Research & Technologies Ltd purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter valued at $990,000. Raymond James Financial Inc. purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter valued at $71,000. Tower Research Capital LLC TRC boosted 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 buying an additional 725 shares during the period. JPMorgan Chase & Co. increased its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 40.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,676 shares of the exchange traded fund’s stock worth $413,000 after buying an additional 771 shares in the last quarter. Finally, CreativeOne Wealth LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter worth about $258,000.

Direxion Daily Gold Miners Index Bull 2x Shares Company Profile

(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.

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