Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Gap Down – What’s Next?

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) shares gapped down prior to trading on Thursday . The stock had previously closed at $233.96, but opened at $214.17. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $209.5710, with a volume of 270,184 shares traded.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Up 10.5%

The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 22.41 and a beta of 1.08. The firm’s 50 day moving average is $211.41 and its 200 day moving average is $155.38.

Institutional Investors Weigh In On Direxion Daily Gold Miners Index Bull 2x Shares

Large investors have recently modified their holdings of the stock. HighTower Advisors LLC grew its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 12.2% in the 4th quarter. HighTower Advisors LLC now owns 1,721 shares of the exchange traded fund’s stock worth $316,000 after acquiring an additional 187 shares during the last quarter. Millennium Capital Advisors LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 4th quarter valued at $608,000. Crosspoint Financial LLC purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the 4th quarter worth about $367,000. SBI Securities Co. Ltd. raised its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 9.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 21,537 shares of the exchange traded fund’s stock worth $3,960,000 after buying an additional 1,914 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the fourth quarter valued at about $307,000.

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.