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

Direxion Daily Gold Miners Index Bull 2x ETF (NYSEARCA:NUGT) shares 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 trading hands.

Direxion Daily Gold Miners Index Bull 2x ETF Stock Up 2.1%

The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 22.41 and a beta of 1.37. The business has a 50-day moving average of $151.62 and a two-hundred day moving average of $172.22.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Parallel Advisors LLC acquired a new stake in Direxion Daily Gold Miners Index Bull 2x ETF during the first quarter worth $31,000. Integrated Wealth Concepts LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x ETF in the 2nd quarter valued at $99,000. Tower Research Capital LLC TRC raised its stake in shares of Direxion Daily Gold Miners Index Bull 2x ETF by 473.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 878 shares of the exchange traded fund’s stock valued at $65,000 after buying an additional 725 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x ETF in the 2nd quarter valued at $71,000. Finally, Federation des caisses Desjardins du Quebec lifted its holdings in shares of Direxion Daily Gold Miners Index Bull 2x ETF by 27.3% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,025 shares of the exchange traded fund’s stock worth $189,000 after acquiring an additional 220 shares during the period.

About Direxion Daily Gold Miners Index Bull 2x ETF

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.