Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Stock Price Up 4%

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s share price rose 4% during mid-day trading on Monday . The stock traded as high as $43.14 and last traded at $42.83. Approximately 507,418 shares traded hands during trading, a decline of 79% from the average daily volume of 2,401,345 shares. The stock had previously closed at $41.17.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Up 0.1 %

The business’s fifty day moving average price is $41.51 and its 200 day moving average price is $36.79. The firm has a market capitalization of $656.03 million, a PE ratio of 19.80 and a beta of 1.57.

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

Several hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the fourth quarter worth approximately $136,000. Jump Financial LLC acquired a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the fourth quarter valued at $1,623,000. IMC Chicago LLC grew its position in Direxion Daily Gold Miners Index Bull 2x Shares by 33.5% during the fourth quarter. IMC Chicago LLC now owns 79,207 shares of the exchange traded fund’s stock valued at $2,755,000 after acquiring an additional 19,879 shares during the period. PNC Financial Services Group Inc. acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the fourth quarter worth about $49,000. Finally, 180 Wealth Advisors LLC raised its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 12.5% in the 1st quarter. 180 Wealth Advisors LLC now owns 7,123 shares of the exchange traded fund’s stock worth $245,000 after purchasing an additional 792 shares during the period.

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.