Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Down 7.7%

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) shares traded down 7.7% during mid-day trading on Tuesday . The company traded as low as $43.20 and last traded at $43.67. 808,820 shares were traded during trading, a decline of 66% from the average session volume of 2,347,233 shares. The stock had previously closed at $47.30.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

The stock has a market cap of $648.41 million, a P/E ratio of 19.80 and a beta of 1.57. The stock has a 50-day moving average price of $44.49 and a 200-day moving average price of $39.03.

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

Large investors have recently modified their holdings of the company. 180 Wealth Advisors LLC raised its holdings 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 buying an additional 792 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 1st quarter valued at about $856,000. IMC Chicago LLC raised its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 33.5% during the 4th quarter. IMC Chicago LLC now owns 79,207 shares of the exchange traded fund’s stock valued at $2,755,000 after buying an additional 19,879 shares in the last quarter. Harbour Investments Inc. raised its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 27.5% during the 2nd quarter. Harbour Investments Inc. now owns 7,462 shares of the exchange traded fund’s stock valued at $280,000 after buying an additional 1,608 shares in the last quarter. Finally, PNC Financial Services Group Inc. purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 4th quarter valued at about $49,000.

Direxion Daily Gold Miners Index Bull 2x Shares Company Profile

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.