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) shares gapped up before the market opened on Thursday . The stock had previously closed at $116.02, but opened at $124.04. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $127.75, with a volume of 281,686 shares traded.

Direxion Daily Gold Miners Index Bull 2x Shares Price Performance

The firm has a market cap of $919.87 million, a price-to-earnings ratio of 22.41 and a beta of 1.25. The business has a 50 day moving average price of $154.64 and a 200-day moving average price of $198.76.

Hedge Funds Weigh In On Direxion Daily Gold Miners Index Bull 2x Shares

Institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the first quarter valued at approximately $31,000. Optiver Holding B.V. lifted its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares 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 in the last quarter. Frazier Financial Advisors LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the first quarter valued at $753,000. Virtu Financial LLC boosted its stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares 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. Finally, NewEdge Advisors LLC grew its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 3.2% during the 4th quarter. NewEdge Advisors LLC now owns 2,224 shares of the exchange traded fund’s stock valued at $409,000 after purchasing an additional 69 shares in the last quarter.

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.