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

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 Thursday . The stock had previously closed at $192.46, but opened at $180.65. Direxion Daily Gold Miners Index Bull 2x ETF shares last traded at $180.5940, with a volume of 230,654 shares traded.

Direxion Daily Gold Miners Index Bull 2x ETF Stock Down 5.3%

The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 22.41 and a beta of 1.37. The company has a 50 day simple moving average of $149.43 and a 200 day simple moving average of $172.75.

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

A number of institutional investors and hedge funds have recently bought and sold shares of NUGT. Headlands Technologies LLC purchased a new stake in Direxion Daily Gold Miners Index Bull 2x ETF in the 2nd quarter valued at approximately $1,282,000. Revere Asset Management Inc acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x ETF in the fourth quarter worth $1,302,000. Virtu Financial LLC lifted its position in shares of Direxion Daily Gold Miners Index Bull 2x ETF by 548.5% in the fourth quarter. Virtu Financial LLC now owns 35,648 shares of the exchange traded fund’s stock valued at $6,554,000 after acquiring an additional 30,151 shares in the last quarter. Millennium Capital Advisors LLC acquired a new position in Direxion Daily Gold Miners Index Bull 2x ETF in the 4th quarter valued at about $608,000. Finally, Harbour Investments Inc. lifted its holdings in Direxion Daily Gold Miners Index Bull 2x ETF by 11.1% in the 4th quarter. Harbour Investments Inc. now owns 4,129 shares of the exchange traded fund’s stock valued at $759,000 after purchasing an additional 413 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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