Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $37.76, but opened at $39.43. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $39.67, with a volume of 841,398 shares changing hands.
Direxion Daily Gold Miners Index Bull 2x Shares Price Performance
The firm has a market capitalization of $570.03 million, a PE ratio of 19.80 and a beta of 1.57. The company has a 50-day moving average price of $34.59 and a 200-day moving average price of $31.72.
Institutional Investors Weigh In On Direxion Daily Gold Miners Index Bull 2x Shares
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hollencrest Capital Management raised its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 50.0% during the first quarter. Hollencrest Capital Management now owns 900 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 300 shares during the period. 180 Wealth Advisors LLC raised its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 12.5% in the 1st quarter. 180 Wealth Advisors LLC now owns 7,123 shares of the exchange traded fund’s stock worth $245,000 after buying an additional 792 shares during the period. PNC Financial Services Group Inc. acquired a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the fourth quarter valued at $49,000. Banque Cantonale Vaudoise purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter valued at about $43,000. Finally, Headlands Technologies LLC purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the fourth quarter valued at about $136,000.
About Direxion Daily Gold Miners Index Bull 2x Shares
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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