Direxion Shares Exchange Traded Fund Trust (NYSE:NUGT) was the target of some unusual options trading activity on Wednesday. Investors acquired 20,079 call options on the stock. This represents an increase of 108% compared to the average daily volume of 9,665 call options.

A hedge fund recently bought a new stake in Direxion Shares Exchange Traded Fund Trust stock. HighTower Advisors LLC acquired a new position in Direxion Shares Exchange Traded Fund Trust (NYSE:NUGT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,413 shares of the exchange traded fund’s stock, valued at approximately $498,000.

Direxion Shares Exchange Traded Fund Trust (NYSE:NUGT) opened at 33.78 on Friday. Direxion Shares Exchange Traded Fund Trust has a 52 week low of $22.04 and a 52 week high of $95.60. The stock has a 50 day moving average of $35.31 and a 200 day moving average of $34.17.

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