Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Sees Significant Decrease in Short Interest

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totaling 285,845 shares, a decline of 34.3% from the November 30th total of 434,806 shares. Based on an average daily volume of 802,153 shares, the short-interest ratio is presently 0.4 days. Approximately 3.5% of the shares of the company are sold short. Approximately 3.5% of the shares of the company are sold short. Based on an average daily volume of 802,153 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Direxion Daily Gold Miners Index Bull 2x Shares

Several large investors have recently modified their holdings of NUGT. Tower Research Capital LLC TRC lifted its stake in shares of 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 acquiring an additional 725 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the second quarter worth about $71,000. Caitlin John LLC purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter worth about $164,000. PFG Investments LLC acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the third quarter valued at about $232,000. Finally, CreativeOne Wealth LLC acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the third quarter valued at about $258,000.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Down 11.4%

Shares of Direxion Daily Gold Miners Index Bull 2x Shares stock traded down $23.90 on Monday, hitting $185.00. The stock had a trading volume of 1,142,029 shares, compared to its average volume of 1,264,574. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 22.41 and a beta of 1.08. Direxion Daily Gold Miners Index Bull 2x Shares has a 52-week low of $34.08 and a 52-week high of $211.09. The company’s 50 day moving average price is $158.83 and its 200 day moving average price is $124.40.

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.