Direxion Daily Gold Miners Index Bull 2x ETF (NYSEARCA:NUGT) Shares Gap Down – Should You Sell?

by · The Markets Daily

Direxion Daily Gold Miners Index Bull 2x ETF (NYSEARCA:NUGT – Get Free Report)’s share price gapped down before the market opened on Wednesday. The stock had previously closed at $144.96, but opened at $136.97. Direxion Daily Gold Miners Index Bull 2x ETF shares last traded at $133.3070, with a volume of 149,041 shares.

Direxion Daily Gold Miners Index Bull 2x ETF Price Performance

The firm has a market capitalization of $900.43 million, a price-to-earnings ratio of 22.41 and a beta of 1.33. The business’s 50 day moving average price is $171.26 and its 200-day moving average price is $160.64.

Institutional Investors Weigh In On Direxion Daily Gold Miners Index Bull 2x ETF

A number of institutional investors have recently added to or reduced their stakes in NUGT. Headlands Technologies LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x ETF during the 2nd quarter worth approximately $1,282,000. Virtu Financial LLC lifted its holdings in shares of Direxion Daily Gold Miners Index Bull 2x ETF by 548.5% in the 4th quarter. Virtu Financial LLC now owns 35,648 shares of the exchange traded fund’s stock valued at $6,554,000 after buying an additional 30,151 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x ETF in the second quarter valued at approximately $99,000. Parallel Advisors LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x ETF in the first quarter valued at approximately $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Direxion Daily Gold Miners Index Bull 2x ETF 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 buying an additional 1,028 shares in the last quarter.

Direxion Daily Gold Miners Index Bull 2x ETF 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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