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

by · The Markets Daily

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT – Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $109.94, but opened at $118.73. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $118.91, with a volume of 230,749 shares traded.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Up 7.2%

The firm has a market cap of $871.87 million, a price-to-earnings ratio of 22.41 and a beta of 1.25. The stock has a 50 day moving average of $147.08 and a 200 day moving average of $195.75.

Hedge Funds Weigh In On Direxion Daily Gold Miners Index Bull 2x Shares

Hedge funds and other institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 1st quarter worth approximately $31,000. Tower Research Capital LLC TRC raised its position in Direxion Daily Gold Miners Index Bull 2x Shares by 473.9% during the second 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 in the last quarter. Raymond James Financial Inc. bought a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the second quarter worth $71,000. Federation des caisses Desjardins du Quebec lifted its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 27.3% during 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 purchasing an additional 220 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 160.1% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,670 shares of the exchange traded fund’s stock worth $195,000 after purchasing 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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