Client First Investment Management LLC Has $917,000 Stock Position in Direxion Daily Gold Miners Index Bull 2x Shares $NUGT

Client First Investment Management LLC trimmed its position in Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) by 90.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,987 shares of the exchange traded fund’s stock after selling 44,993 shares during the quarter. Direxion Daily Gold Miners Index Bull 2x Shares comprises approximately 0.5% of Client First Investment Management LLC’s holdings, making the stock its 18th largest position. Client First Investment Management LLC owned 0.09% of Direxion Daily Gold Miners Index Bull 2x Shares worth $917,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of NUGT. IMC Chicago LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the third quarter worth $10,013,000. Qube Research & Technologies Ltd bought a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the second quarter worth $990,000. UBS Group AG increased its position in Direxion Daily Gold Miners Index Bull 2x Shares by 873.8% during the third quarter. UBS Group AG now owns 9,738 shares of the exchange traded fund’s stock worth $1,504,000 after acquiring an additional 8,738 shares during the period. Revere Asset Management Inc bought a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the fourth quarter worth $1,302,000. Finally, FNY Investment Advisers LLC increased its position in Direxion Daily Gold Miners Index Bull 2x Shares by 60.0% during the third quarter. FNY Investment Advisers LLC now owns 12,000 shares of the exchange traded fund’s stock worth $1,853,000 after acquiring an additional 4,500 shares during the period.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Down 6.7%

Shares of NUGT stock opened at $156.31 on Thursday. Direxion Daily Gold Miners Index Bull 2x Shares has a 1 year low of $68.93 and a 1 year high of $320.79. The firm’s fifty day simple moving average is $184.30 and its 200 day simple moving average is $203.06. The firm has a market capitalization of $914.41 million, a P/E ratio of 22.41 and a beta of 1.18.

Direxion Daily Gold Miners Index Bull 2x Shares 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.