Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Stock Price Down 7.7% – Here’s What Happened

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) shares traded down 7.7% during trading on Thursday . The stock traded as low as $237.79 and last traded at $239.15. 461,665 shares changed hands during trading, a decline of 43% from the average session volume of 808,474 shares. The stock had previously closed at $258.99.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Down 1.1%

The company has a market cap of $1.32 billion, a PE ratio of 22.41 and a beta of 1.08. The company has a fifty day simple moving average of $244.29 and a two-hundred day simple moving average of $180.48.

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

A number of large investors have recently made changes to their positions in the company. IMC Chicago LLC purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the third quarter worth approximately $10,013,000. Client First Investment Management LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 3rd quarter valued at approximately $7,719,000. Virtu Financial LLC raised its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 548.5% in the 4th quarter. Virtu Financial LLC now owns 35,648 shares of the exchange traded fund’s stock valued at $6,554,000 after purchasing an additional 30,151 shares in the last quarter. HRT Financial LP raised its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 379.8% in the 4th quarter. HRT Financial LP now owns 34,629 shares of the exchange traded fund’s stock valued at $6,366,000 after purchasing an additional 27,411 shares in the last quarter. Finally, Simplex Trading LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter worth $1,004,000.

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.