Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Gap Down – Time to Sell?

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $167.38, but opened at $157.00. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $163.80, with a volume of 299,197 shares traded.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

The stock has a market cap of $866.69 million, a PE ratio of 22.41 and a beta of 1.08. The company’s 50 day simple moving average is $241.63 and its 200 day simple moving average is $189.30.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC lifted its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 548.5% during the fourth quarter. Virtu Financial LLC now owns 35,648 shares of the exchange traded fund’s stock worth $6,554,000 after acquiring an additional 30,151 shares during the period. NewEdge Advisors LLC increased its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 3.2% during the 4th quarter. NewEdge Advisors LLC now owns 2,224 shares of the exchange traded fund’s stock valued at $409,000 after purchasing an additional 69 shares during the last quarter. Jump Financial LLC increased its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 173.3% during the 4th quarter. Jump Financial LLC now owns 20,651 shares of the exchange traded fund’s stock valued at $3,797,000 after purchasing an additional 13,095 shares during the last quarter. CreativeOne Wealth LLC raised its stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 32.9% during the 4th quarter. CreativeOne Wealth LLC now owns 2,219 shares of the exchange traded fund’s stock worth $408,000 after purchasing an additional 549 shares during the period. Finally, Federation des caisses Desjardins du Quebec boosted its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 27.3% in the 4th 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 last quarter.

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.