Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Down 4.8% – Should You Sell?

Shares of Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) fell 4.8% during mid-day trading on Friday . The stock traded as low as $186.91 and last traded at $190.8620. Approximately 354,373 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 705,670 shares. The stock had previously closed at $200.56.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Down 3.5%

The stock has a market cap of $1.48 billion, a P/E ratio of 22.41 and a beta of 1.37. The stock has a 50 day simple moving average of $143.60 and a 200 day simple moving average of $174.34.

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

A number of large investors have recently bought and sold shares of the company. Virtu Financial LLC increased its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 548.5% in 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 during the period. HRT Financial LP boosted its position 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 in the last quarter. Qube Research & Technologies Ltd bought a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the second quarter valued at approximately $990,000. Jump Financial LLC increased its stake in Direxion Daily Gold Miners Index Bull 2x Shares 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 acquiring an additional 13,095 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the second quarter valued at approximately $1,282,000.

About Direxion Daily Gold Miners Index Bull 2x Shares

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.