Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Gap Up – Here’s What Happened

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $111.59, but opened at $116.93. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $121.25, with a volume of 319,073 shares.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

The stock’s fifty day moving average price is $137.33 and its 200-day moving average price is $192.05. The company has a market capitalization of $922.08 million, a P/E ratio of 22.41 and a beta of 1.25.

Hedge Funds Weigh In On Direxion Daily Gold Miners Index Bull 2x Shares

Institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC raised its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 3.2% in the 4th quarter. NewEdge Advisors LLC now owns 2,224 shares of the exchange traded fund’s stock valued at $409,000 after acquiring an additional 69 shares during the period. 180 Wealth Advisors LLC boosted its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 4.6% during the second quarter. 180 Wealth Advisors LLC now owns 3,011 shares of the exchange traded fund’s stock worth $352,000 after acquiring an additional 132 shares during the period. Parallel Advisors LLC bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the first quarter worth approximately $31,000. HighTower Advisors LLC grew its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 12.2% in the fourth quarter. HighTower Advisors LLC now owns 1,721 shares of the exchange traded fund’s stock valued at $316,000 after purchasing an additional 187 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec grew its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 27.3% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,025 shares of the exchange traded fund’s stock valued at $189,000 after purchasing 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.