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

Direxion Daily Gold Miners Index Bull 2x ETF (NYSEARCA:NUGT)’s stock price gapped down before the market opened on Wednesday. The stock had previously closed at $144.96, but opened at $136.97. Direxion Daily Gold Miners Index Bull 2x ETF shares last traded at $133.3070, with a volume of 149,041 shares traded.

Direxion Daily Gold Miners Index Bull 2x ETF Price Performance

The firm’s 50 day moving average price is $171.15 and its two-hundred day moving average price is $160.34. The stock has a market cap of $981.81 million, a PE ratio of 22.41 and a beta of 1.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC purchased a new position in Direxion Daily Gold Miners Index Bull 2x ETF in the 1st quarter valued at approximately $31,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x ETF during the second quarter worth $99,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Direxion Daily Gold Miners Index Bull 2x ETF by 160.1% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,670 shares of the exchange traded fund’s stock worth $195,000 after acquiring an additional 1,028 shares in the last quarter. 180 Wealth Advisors LLC lifted its position in shares of Direxion Daily Gold Miners Index Bull 2x ETF by 4.6% during the second quarter. 180 Wealth Advisors LLC now owns 3,011 shares of the exchange traded fund’s stock worth $352,000 after acquiring an additional 132 shares in the last quarter. Finally, Optiver Holding B.V. boosted its holdings in shares of Direxion Daily Gold Miners Index Bull 2x ETF by 72.3% in the first quarter. Optiver Holding B.V. now owns 3,052 shares of the exchange traded fund’s stock worth $575,000 after acquiring an additional 1,281 shares during the period.

Direxion Daily Gold Miners Index Bull 2x ETF 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.