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

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $210.50, but opened at $204.05. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $207.25, with a volume of 213,668 shares trading hands.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Up 2.8%

The stock has a fifty day moving average of $133.67 and a 200-day moving average of $176.70. The stock has a market cap of $1.66 billion, a PE ratio of 22.41 and a beta of 1.25.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of NUGT. Parallel Advisors LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the first quarter worth approximately $31,000. Tower Research Capital LLC TRC grew its position in 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 buying an additional 725 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the 2nd quarter valued at $71,000. 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 valued at $189,000 after buying an additional 220 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in Direxion Daily Gold Miners Index Bull 2x Shares by 160.1% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,670 shares of the exchange traded fund’s stock worth $195,000 after buying an additional 1,028 shares during the last quarter.

About Direxion Daily Gold Miners Index Bull 2x Shares

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.