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:NUGTGet Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $192.46, but opened at $180.65. Direxion Daily Gold Miners Index Bull 2x ETF shares last traded at $180.5940, with a volume of 230,654 shares changing hands.

Direxion Daily Gold Miners Index Bull 2x ETF Stock Down 5.3%

The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 22.41 and a beta of 1.37. The stock’s 50-day simple moving average is $149.43 and its 200 day simple moving average is $172.75.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC lifted its stake in Direxion Daily Gold Miners Index Bull 2x ETF by 548.5% in the fourth quarter. Virtu Financial LLC now owns 35,648 shares of the exchange traded fund’s stock valued at $6,554,000 after acquiring an additional 30,151 shares during the last quarter. HRT Financial LP raised its position in shares of Direxion Daily Gold Miners Index Bull 2x ETF by 379.8% in the 4th quarter. HRT Financial LP now owns 34,629 shares of the exchange traded fund’s stock valued at $6,366,000 after buying an additional 27,411 shares in the last quarter. Jump Financial LLC lifted its holdings in shares of Direxion Daily Gold Miners Index Bull 2x ETF by 173.3% during the 4th quarter. Jump Financial LLC now owns 20,651 shares of the exchange traded fund’s stock worth $3,797,000 after acquiring an additional 13,095 shares during the period. Qube Research & Technologies Ltd bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x ETF during the 2nd quarter worth approximately $990,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x ETF during the 2nd quarter worth approximately $1,282,000.

Direxion Daily Gold Miners Index Bull 2x ETF 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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