Direxion Daily Gold Miners Index Bull 2x ETF (NYSEARCA:NUGT) Shares Gap Up – Here’s Why

Direxion Daily Gold Miners Index Bull 2x ETF (NYSEARCA:NUGT) gapped up prior to trading on Wednesday . The stock had previously closed at $188.48, but opened at $196.80. Direxion Daily Gold Miners Index Bull 2x ETF shares last traded at $195.2660, with a volume of 165,834 shares changing hands.

Direxion Daily Gold Miners Index Bull 2x ETF Stock Down 7.0%

The firm’s 50 day simple moving average is $150.49 and its 200-day simple moving average is $172.15. The company has a market capitalization of $1.37 billion, a PE ratio of 22.41 and a beta of 1.37.

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

Institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC raised its position in Direxion Daily Gold Miners Index Bull 2x ETF by 548.5% in the fourth quarter. Virtu Financial LLC now owns 35,648 shares of the exchange traded fund’s stock valued at $6,554,000 after purchasing an additional 30,151 shares during the period. HRT Financial LP grew its stake in shares of Direxion Daily Gold Miners Index Bull 2x ETF by 379.8% in the fourth quarter. HRT Financial LP now owns 34,629 shares of the exchange traded fund’s stock valued at $6,366,000 after buying an additional 27,411 shares in the last quarter. Jump Financial LLC grew its stake in shares of Direxion Daily Gold Miners Index Bull 2x ETF by 173.3% in the fourth quarter. Jump Financial LLC now owns 20,651 shares of the exchange traded fund’s stock valued at $3,797,000 after buying an additional 13,095 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x ETF during the 2nd quarter valued at about $990,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x ETF during the 2nd quarter valued at about $1,282,000.

About Direxion Daily Gold Miners Index Bull 2x ETF

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.