Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Gap Down – Here’s What Happened

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s share price gapped down before the market opened on Monday . The stock had previously closed at $208.90, but opened at $190.00. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $182.74, with a volume of 312,258 shares.

Direxion Daily Gold Miners Index Bull 2x Shares Price Performance

The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 22.41 and a beta of 1.08. The firm has a fifty day moving average of $158.49 and a 200 day moving average of $123.65.

Institutional Trading of Direxion Daily Gold Miners Index Bull 2x Shares

Hedge funds have recently bought and sold shares of the business. FNY Investment Advisers LLC lifted its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 60.0% in the third quarter. FNY Investment Advisers LLC now owns 12,000 shares of the exchange traded fund’s stock valued at $1,853,000 after acquiring an additional 4,500 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the 3rd quarter valued at about $333,000. UBS Group AG lifted its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 873.8% in the third quarter. UBS Group AG now owns 9,738 shares of the exchange traded fund’s stock worth $1,504,000 after acquiring an additional 8,738 shares during the last quarter. CreativeOne Wealth LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter worth $258,000. Finally, Caitlin John LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 3rd quarter worth about $164,000.

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.