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

Direxion Daily Gold Miners Index Bull 2x ETF (NYSEARCA:NUGT – Get Free Report)’s stock price gapped down prior to trading on Tuesday. The stock had previously closed at $154.28, but opened at $142.79. Direxion Daily Gold Miners Index Bull 2x ETF shares last traded at $143.0890, with a volume of 275,861 shares.

Direxion Daily Gold Miners Index Bull 2x ETF Stock Performance

The business’s fifty day moving average price is $151.69 and its two-hundred day moving average price is $174.15. The stock has a market capitalization of $923.98 million, a P/E ratio of 22.41 and a beta of 1.36.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x ETF in the 2nd quarter valued at approximately $1,282,000. HighTower Advisors LLC bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x ETF during the 3rd quarter valued at approximately $645,000. Frazier Financial Advisors LLC bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x ETF during the 1st quarter valued at approximately $753,000. 180 Wealth Advisors LLC raised its holdings in Direxion Daily Gold Miners Index Bull 2x ETF by 4.0% during the 3rd quarter. 180 Wealth Advisors LLC now owns 3,131 shares of the exchange traded fund’s stock valued at $463,000 after buying an additional 120 shares during the period. Finally, Optiver Holding B.V. raised its holdings in Direxion Daily Gold Miners Index Bull 2x ETF by 72.3% during the 1st quarter. Optiver Holding B.V. now owns 3,052 shares of the exchange traded fund’s stock valued at $575,000 after buying an additional 1,281 shares during the period.

About Direxion Daily Gold Miners Index Bull 2x ETF

(Get Free Report)

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.

Further Reading

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