Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Gap Up – Time to Buy?

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGTGet Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $157.36, but opened at $174.92. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $178.97, with a volume of 342,849 shares changing hands.

Direxion Daily Gold Miners Index Bull 2x Shares Price Performance

The business’s fifty day moving average price is $131.01 and its 200-day moving average price is $176.89. The stock has a market capitalization of $1.50 billion, a PE ratio of 22.41 and a beta of 1.25.

Institutional Trading of Direxion Daily Gold Miners Index Bull 2x Shares

Institutional investors and hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 1st quarter worth $31,000. Tower Research Capital LLC TRC grew its position in Direxion Daily Gold Miners Index Bull 2x Shares by 473.9% in the second quarter. Tower Research Capital LLC TRC now owns 878 shares of the exchange traded fund’s stock worth $65,000 after acquiring an additional 725 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the second quarter worth $71,000. Federation des caisses Desjardins du Quebec grew its position in 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 worth $189,000 after acquiring an additional 220 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 160.1% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,670 shares of the exchange traded fund’s stock valued at $195,000 after acquiring an additional 1,028 shares during the last quarter.

Direxion Daily Gold Miners Index Bull 2x Shares Company Profile

(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.

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