Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Trading Down 5.2%

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s share price were down 5.2% during mid-day trading on Tuesday . The company traded as low as $35.94 and last traded at $36.31. Approximately 890,454 shares were traded during trading, a decline of 69% from the average daily volume of 2,881,328 shares. The stock had previously closed at $38.29.

Direxion Daily Gold Miners Index Bull 2x Shares Price Performance

The firm has a market cap of $606.56 million, a PE ratio of 20.74 and a beta of 1.57. The stock’s fifty day moving average price is $30.81 and its 200-day moving average price is $30.73.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NUGT. Global Retirement Partners LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter worth about $28,000. Advisor Group Holdings Inc. lifted its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 98.7% during the fourth quarter. Advisor Group Holdings Inc. now owns 1,065 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 529 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter worth about $43,000. PNC Financial Services Group Inc. acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the fourth quarter worth about $49,000. Finally, Harbour Investments Inc. acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter worth about $52,000.

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.