Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Reaches New 12-Month High – Here’s What Happened

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) hit a new 52-week high during trading on Monday . The stock traded as high as $320.79 and last traded at $308.9150, with a volume of 301029 shares traded. The stock had previously closed at $313.53.

Direxion Daily Gold Miners Index Bull 2x Shares Price Performance

The business’s 50 day moving average is $238.73 and its two-hundred day moving average is $175.77. The firm has a market capitalization of $1.69 billion, a PE ratio of 22.41 and a beta of 1.08.

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

Several institutional investors and hedge funds have recently made changes to their positions in NUGT. Belvedere Trading LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 3rd quarter worth about $435,000. Brookstone Capital Management purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter worth approximately $526,000. Simplex Trading LLC bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 2nd quarter worth approximately $1,004,000. Client First Investment Management LLC bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 3rd quarter worth approximately $7,719,000. Finally, IMC Chicago LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 3rd quarter valued at $10,013,000.

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.