Shares of Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $202.50, but opened at $185.00. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $181.39, with a volume of 315,413 shares traded.
Direxion Daily Gold Miners Index Bull 2x Shares Stock Down 11.6%
The stock has a market capitalization of $870.24 million, a price-to-earnings ratio of 22.41 and a beta of 1.08. The stock has a fifty day moving average of $247.21 and a 200-day moving average of $187.53.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its stake 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 acquiring an additional 725 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the second quarter valued at $71,000. Caitlin John LLC purchased 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 grew its holdings 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 purchasing an additional 220 shares during the last quarter. Finally, PFG Investments LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter worth about $232,000.
About Direxion Daily Gold Miners Index Bull 2x Shares
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.
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