Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Down 4.4% – What’s Next?

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s stock price dropped 4.4% during trading on Thursday . The stock traded as low as $155.72 and last traded at $157.34. 197,134 shares traded hands during trading, a decline of 72% from the average session volume of 696,779 shares. The stock had previously closed at $164.62.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

The business has a 50 day simple moving average of $126.30 and a 200-day simple moving average of $181.46. The stock has a market capitalization of $1.18 billion, a P/E ratio of 22.41 and a beta of 1.25.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. NewEdge Advisors LLC grew its holdings in shares of 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 worth $409,000 after acquiring an additional 69 shares during the last quarter. 180 Wealth Advisors LLC lifted 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 valued at $352,000 after purchasing an additional 132 shares during the last quarter. Parallel Advisors LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 1st quarter valued at $31,000. HighTower Advisors LLC boosted its position 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 valued at $316,000 after purchasing an additional 187 shares during the period. Finally, Federation des caisses Desjardins du Quebec increased its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 27.3% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,025 shares of the exchange traded fund’s stock worth $189,000 after purchasing an additional 220 shares in 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.