Savvy Advisors Inc. Sells 4,300 Shares of Direxion Daily Gold Miners Index Bull 2x Shares $NUGT

Savvy Advisors Inc. lessened its stake in Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) by 64.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,400 shares of the exchange traded fund’s stock after selling 4,300 shares during the quarter. Savvy Advisors Inc.’s holdings in Direxion Daily Gold Miners Index Bull 2x Shares were worth $371,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NUGT. Tower Research Capital LLC TRC boosted its holdings 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 valued at $65,000 after buying an additional 725 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter worth approximately $71,000. PFG Investments LLC purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter valued at approximately $232,000. Miracle Mile Advisors LLC acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the third quarter valued at approximately $263,000. Finally, Belvedere Trading LLC acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the third quarter valued at approximately $435,000.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Up 11.3%

Shares of NUGT stock opened at $253.54 on Monday. The business’s fifty day simple moving average is $219.76 and its 200-day simple moving average is $162.57. The company has a market cap of $1.41 billion, a PE ratio of 22.41 and a beta of 1.08. Direxion Daily Gold Miners Index Bull 2x Shares has a 12-month low of $44.30 and a 12-month high of $317.99.

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.