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

Shares of Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) gapped up prior to trading on Wednesday . The stock had previously closed at $73.26, but opened at $78.62. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $78.67, with a volume of 914,278 shares changing hands.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Down 3.9 %

The company has a 50 day simple moving average of $56.25 and a 200 day simple moving average of $48.55. The stock has a market capitalization of $649.43 million, a PE ratio of 29.18 and a beta of 1.68.

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

A number of institutional investors have recently modified their holdings of NUGT. HighTower Advisors LLC boosted its stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 68.0% during the 3rd quarter. HighTower Advisors LLC now owns 11,378 shares of the exchange traded fund’s stock worth $564,000 after acquiring an additional 4,605 shares in the last quarter. Virtu Financial LLC purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter worth $505,000. 180 Wealth Advisors LLC grew its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 9.9% in the fourth quarter. 180 Wealth Advisors LLC now owns 6,529 shares of the exchange traded fund’s stock valued at $230,000 after purchasing an additional 590 shares during the last quarter. PFG Investments LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the fourth quarter valued at $364,000. Finally, IMC Chicago LLC raised its stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 182.7% during the 4th quarter. IMC Chicago LLC now owns 121,040 shares of the exchange traded fund’s stock worth $4,256,000 after buying an additional 78,230 shares during the last quarter.

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.