Optivise Advisory Services LLC Cuts Stock Position in Direxion Daily Gold Miners Index Bull 2x Shares $NUGT

Optivise Advisory Services LLC lessened its holdings in Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) by 16.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,192 shares of the exchange traded fund’s stock after selling 1,220 shares during the period. Optivise Advisory Services LLC owned about 0.07% of Direxion Daily Gold Miners Index Bull 2x Shares worth $460,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Hollencrest Capital Management raised its position in Direxion Daily Gold Miners Index Bull 2x Shares by 640.0% in the first quarter. Hollencrest Capital Management now owns 740 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 640 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 1st quarter valued at about $103,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 75.1% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,902 shares of the exchange traded fund’s stock valued at $290,000 after buying an additional 1,674 shares during the period. Belvedere Trading LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 1st quarter valued at about $265,000. Finally, Savvy Advisors Inc. purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter valued at about $498,000.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Down 2.0%

NYSEARCA NUGT opened at $130.20 on Tuesday. The company’s fifty day simple moving average is $137.68 and its 200-day simple moving average is $97.52. Direxion Daily Gold Miners Index Bull 2x Shares has a 52 week low of $34.08 and a 52 week high of $189.68. The stock has a market cap of $1.06 billion, a P/E ratio of 22.41 and a beta of 1.08.

Direxion Daily Gold Miners Index Bull 2x Shares 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.