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) gapped up before the market opened on Monday . The stock had previously closed at $133.89, but opened at $152.67. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $155.26, with a volume of 319,982 shares trading hands.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Up 13.4%

The business has a 50-day moving average price of $178.21 and a 200 day moving average price of $202.98. The stock has a market cap of $888.09 million, a PE ratio of 22.41 and a beta of 1.16.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC lifted its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 3.2% during the 4th quarter. NewEdge Advisors LLC now owns 2,224 shares of the exchange traded fund’s stock worth $409,000 after purchasing an additional 69 shares in the last quarter. Parallel Advisors LLC purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the 1st quarter worth about $31,000. HighTower Advisors LLC lifted its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 12.2% during the 4th quarter. HighTower Advisors LLC now owns 1,721 shares of the exchange traded fund’s stock worth $316,000 after purchasing an additional 187 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 27.3% during 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. Finally, Harbour Investments Inc. lifted its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 11.1% during the 4th quarter. Harbour Investments Inc. now owns 4,129 shares of the exchange traded fund’s stock worth $759,000 after purchasing an additional 413 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.