Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Gap Up to $37.76

Shares of Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) gapped up before the market opened on Monday . The stock had previously closed at $37.76, but opened at $39.43. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $39.67, with a volume of 841,398 shares changing hands.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Up 4.6 %

The company has a 50-day moving average price of $33.97 and a two-hundred day moving average price of $31.62. The stock has a market capitalization of $578.53 million, a P/E ratio of 19.80 and a beta of 1.57.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Centric Wealth Management bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 3rd quarter worth $3,735,000. Simplex Trading LLC raised its position in Direxion Daily Gold Miners Index Bull 2x Shares by 326.4% during the third quarter. Simplex Trading LLC now owns 94,949 shares of the exchange traded fund’s stock valued at $2,533,000 after purchasing an additional 72,682 shares in the last quarter. Jump Financial LLC bought a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the fourth quarter worth about $1,623,000. IMC Chicago LLC boosted its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 33.5% in the 4th quarter. IMC Chicago LLC now owns 79,207 shares of the exchange traded fund’s stock worth $2,755,000 after purchasing an additional 19,879 shares in the last quarter. Finally, E Fund Management Co. Ltd. bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 3rd quarter valued at about $517,000.

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.