Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Sets New 52-Week High – Here’s What Happened

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) shares hit a new 52-week high on Monday . The stock traded as high as $320.79 and last traded at $308.9150, with a volume of 301029 shares. The stock had previously closed at $313.53.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Down 17.4%

The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 22.41 and a beta of 1.08. The stock’s fifty day simple moving average is $241.86 and its 200-day simple moving average is $178.48.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 473.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 878 shares of the exchange traded fund’s stock worth $65,000 after purchasing an additional 725 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the second quarter worth about $71,000. Caitlin John LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter worth about $164,000. Federation des caisses Desjardins du Quebec increased its stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 27.3% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,025 shares of the exchange traded fund’s stock worth $189,000 after buying an additional 220 shares during the period. Finally, PFG Investments LLC acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the third quarter valued at approximately $232,000.

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.