FNY Investment Advisers LLC Raises Stock Holdings in Direxion Daily Gold Miners Index Bull 2x Shares $NUGT

FNY Investment Advisers LLC boosted its stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) by 60.0% during the third quarter, Holdings Channel.com reports. The firm owned 12,000 shares of the exchange traded fund’s stock after purchasing an additional 4,500 shares during the quarter. FNY Investment Advisers LLC’s holdings in Direxion Daily Gold Miners Index Bull 2x Shares were worth $1,853,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter valued at about $333,000. UBS Group AG raised its stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 873.8% during the 3rd 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 in the last quarter. CreativeOne Wealth LLC bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 3rd quarter worth approximately $258,000. Caitlin John LLC purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter valued at approximately $164,000. Finally, Optiver Holding B.V. purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter valued at approximately $339,000.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Down 12.4%

Shares of NUGT opened at $177.32 on Thursday. The company has a 50 day moving average of $248.23 and a two-hundred day moving average of $187.75. Direxion Daily Gold Miners Index Bull 2x Shares has a twelve month low of $47.11 and a twelve month high of $320.79. The company has a market cap of $984.13 million, a price-to-earnings ratio of 22.41 and a beta of 1.08.

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.