Direxion Daily Gold Miners Index Bull 2X Shares (NYSEARCA:NUGT) Shares Up 4.5%

Direxion Daily Gold Miners Index Bull 2X Shares (NYSEARCA:NUGT)’s share price rose 4.5% during mid-day trading on Thursday . The company traded as high as $39.41 and last traded at $38.90. Approximately 2,552,889 shares were traded during trading, a decline of 11% from the average daily volume of 2,864,677 shares. The stock had previously closed at $37.21.

Direxion Daily Gold Miners Index Bull 2X Shares Price Performance

The stock’s fifty day moving average price is $32.65 and its 200-day moving average price is $31.31. The firm has a market cap of $640.69 million, a PE ratio of 20.74 and a beta of 1.57.

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. 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. 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. Headlands Technologies LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2X Shares during the fourth quarter worth about $136,000. Finally, 180 Wealth Advisors LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2X Shares during the fourth quarter worth about $215,000.

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.