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

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $188.48, but opened at $196.80. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $195.2660, with a volume of 165,834 shares traded.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

The company has a market capitalization of $1.47 billion, a PE ratio of 22.41 and a beta of 1.37. The company’s 50-day simple moving average is $147.90 and its 200-day simple moving average is $173.18.

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

Several hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the 1st quarter valued at approximately $31,000. Integrated Wealth Concepts LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 2nd quarter valued at approximately $99,000. Tower Research Capital LLC TRC grew its stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 473.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 878 shares of the exchange traded fund’s stock valued at $65,000 after purchasing an additional 725 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the second quarter valued at approximately $71,000. Finally, Federation des caisses Desjardins du Quebec increased its holdings 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 period.

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.