Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Stock Price Pass Below 200 Day Moving Average of $59.55

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $59.55 and traded as low as $45.75. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $47.55, with a volume of 2,743,315 shares.

The firm’s 50 day moving average is $48.97 and its 200 day moving average is $59.49.

Hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada lifted its stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 325.2% in the second quarter. Royal Bank of Canada now owns 523 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 400 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the first quarter valued at approximately $384,000. JPMorgan Chase & Co. raised its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 36.8% during the second quarter. JPMorgan Chase & Co. now owns 7,777 shares of the exchange traded fund’s stock valued at $452,000 after purchasing an additional 2,090 shares during the last quarter. E Fund Management Co. Ltd. purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the first quarter valued at approximately $620,000. Finally, Morgan Stanley raised its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 98.8% during the first quarter. Morgan Stanley now owns 12,104 shares of the exchange traded fund’s stock valued at $660,000 after purchasing an additional 6,015 shares during the last quarter.

Featured Story: What is a put option?

Receive News & Ratings for Direxion Daily Gold Miners Index Bull 2x Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily Gold Miners Index Bull 2x Shares and related companies with MarketBeat.com's FREE daily email newsletter.