Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Hits New 1-Year High – What’s Next?

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) shares hit a new 52-week high on Tuesday . The stock traded as high as $61.50 and last traded at $60.32, with a volume of 408234 shares. The stock had previously closed at $58.68.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

The firm’s 50 day moving average is $48.26 and its two-hundred day moving average is $46.43. The stock has a market capitalization of $608.63 million, a PE ratio of 26.41 and a beta of 2.32.

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

Large investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC lifted its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 68.0% in the third 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 during the last quarter. IMC Chicago LLC lifted its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 182.7% in the fourth quarter. IMC Chicago LLC now owns 121,040 shares of the exchange traded fund’s stock worth $4,256,000 after acquiring an additional 78,230 shares during the last quarter. 180 Wealth Advisors LLC lifted its stake 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 worth $230,000 after acquiring an additional 590 shares during the last quarter. Virtu Financial LLC purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the third quarter worth approximately $505,000. Finally, PFG Investments LLC purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the fourth quarter worth approximately $364,000.

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.