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

by · The Markets Daily

Shares of Direxion Daily Gold Miners Index Bull 2x ETF (NYSEARCA:NUGT – Get Free Report) gapped up prior to trading on Wednesday. The stock had previously closed at $112.63, but opened at $125.00. Direxion Daily Gold Miners Index Bull 2x ETF shares last traded at $125.9680, with a volume of 525,441 shares trading hands.

Direxion Daily Gold Miners Index Bull 2x ETF Price Performance

The firm has a 50-day simple moving average of $155.72 and a 200 day simple moving average of $176.66. The company has a market capitalization of $932.34 million, a PE ratio of 22.41 and a beta of 1.36.

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

A number of large investors have recently modified their holdings of the stock. Headlands Technologies LLC acquired a new stake in Direxion Daily Gold Miners Index Bull 2x ETF in the second quarter valued at approximately $1,282,000. Frazier Financial Advisors LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x ETF during the first quarter valued at approximately $753,000. 180 Wealth Advisors LLC raised its stake in shares of Direxion Daily Gold Miners Index Bull 2x ETF by 4.0% during the third quarter. 180 Wealth Advisors LLC now owns 3,131 shares of the exchange traded fund’s stock valued at $463,000 after purchasing an additional 120 shares during the period. Optiver Holding B.V. lifted its position in shares of Direxion Daily Gold Miners Index Bull 2x ETF by 72.3% during the first quarter. Optiver Holding B.V. now owns 3,052 shares of the exchange traded fund’s stock worth $575,000 after purchasing an additional 1,281 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Direxion Daily Gold Miners Index Bull 2x ETF 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 in the last quarter.

About Direxion Daily Gold Miners Index Bull 2x ETF

(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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