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

Direxion Daily Gold Miners Index Bull 2x ETF (NYSEARCA:NUGT)’s share price gapped up prior to trading on Wednesday. The stock had previously closed at $112.63, but opened at $125.00. Direxion Daily Gold Miners Index Bull 2x ETF shares last traded at $125.9680, with a volume of 525,441 shares changing hands.

Direxion Daily Gold Miners Index Bull 2x ETF Stock Up 17.4%

The business has a 50-day simple moving average of $158.83 and a 200-day simple moving average of $177.67. The company has a market cap of $905.90 million, a PE ratio of 22.41 and a beta of 1.36.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Parallel Advisors LLC purchased a new position in Direxion Daily Gold Miners Index Bull 2x ETF during the 1st quarter valued at about $31,000. Integrated Wealth Concepts LLC acquired a new position in Direxion Daily Gold Miners Index Bull 2x ETF in the 2nd quarter valued at about $99,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Direxion Daily Gold Miners Index Bull 2x ETF by 160.1% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,670 shares of the exchange traded fund’s stock valued at $195,000 after acquiring an additional 1,028 shares in the last quarter. 180 Wealth Advisors LLC increased its stake in Direxion Daily Gold Miners Index Bull 2x ETF by 4.6% during the second quarter. 180 Wealth Advisors LLC now owns 3,011 shares of the exchange traded fund’s stock worth $352,000 after purchasing an additional 132 shares during the period. Finally, Optiver Holding B.V. increased its stake in Direxion Daily Gold Miners Index Bull 2x ETF by 72.3% during the first quarter. Optiver Holding B.V. now owns 3,052 shares of the exchange traded fund’s stock worth $575,000 after purchasing an additional 1,281 shares during the period.

Direxion Daily Gold Miners Index Bull 2x ETF 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.