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

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) shares 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 Performance

The firm has a market cap of $578.53 million, a price-to-earnings ratio of 19.80 and a beta of 1.57. The business’s 50-day moving average is $33.97 and its 200-day moving average is $31.62.

Hedge Funds Weigh In On Direxion Daily Gold Miners Index Bull 2x Shares

Institutional investors have recently modified their holdings of the stock. Hollencrest Capital Management lifted its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 50.0% in the first quarter. Hollencrest Capital Management now owns 900 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 300 shares during the period. 180 Wealth Advisors LLC raised its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 12.5% during the 1st quarter. 180 Wealth Advisors LLC now owns 7,123 shares of the exchange traded fund’s stock valued at $245,000 after acquiring an additional 792 shares during the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 4th quarter valued at $49,000. Banque Cantonale Vaudoise bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 3rd quarter worth $43,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the fourth quarter worth $136,000.

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.