Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Gap Up – What’s Next?

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $188.25, but opened at $200.55. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $205.61, with a volume of 395,438 shares.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Up 12.1%

The firm has a fifty day simple moving average of $235.71 and a two-hundred day simple moving average of $190.95. The stock has a market cap of $1.17 billion, a PE ratio of 22.41 and a beta of 1.08.

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

A number of institutional investors and hedge funds have recently bought and sold shares of NUGT. IMC Chicago LLC bought a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter valued at approximately $10,013,000. Client First Investment Management LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 3rd quarter valued at $7,719,000. Virtu Financial LLC raised its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 548.5% during the 4th quarter. Virtu Financial LLC now owns 35,648 shares of the exchange traded fund’s stock valued at $6,554,000 after buying an additional 30,151 shares in the last quarter. HRT Financial LP lifted its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 379.8% during the 4th quarter. HRT Financial LP now owns 34,629 shares of the exchange traded fund’s stock worth $6,366,000 after acquiring an additional 27,411 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 9.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 21,537 shares of the exchange traded fund’s stock valued at $3,960,000 after purchasing an additional 1,914 shares during the period.

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.