Shares of Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT – Get Free Report) traded up 3.8% during mid-day trading on Wednesday . The stock traded as high as $38.84 and last traded at $38.84. 1,127,508 shares changed hands during trading, a decline of 22% from the average session volume of 1,447,532 shares. The stock had previously closed at $37.41.
Direxion Daily Gold Miners Index Bull 2x Shares Price Performance
The company has a market cap of $575.60 million, a PE ratio of 19.80 and a beta of 1.57. The stock has a 50 day simple moving average of $40.98 and a two-hundred day simple moving average of $44.93.
Institutional Trading of Direxion Daily Gold Miners Index Bull 2x Shares
A number of hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC raised its stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 68.0% during the third quarter. HighTower Advisors LLC now owns 11,378 shares of the exchange traded fund’s stock worth $564,000 after purchasing an additional 4,605 shares during the last quarter. IMC Chicago LLC increased its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 84.4% in the 3rd quarter. IMC Chicago LLC now owns 42,810 shares of the exchange traded fund’s stock valued at $2,126,000 after buying an additional 19,599 shares during the period. Headlands Technologies LLC purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter worth $195,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the third quarter valued at about $505,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 40.4% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 11,856 shares of the exchange traded fund’s stock worth $589,000 after acquiring an additional 3,409 shares during the period.
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.
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