Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Stock Price Down 10.5% – Here’s What Happened

Posted by Teresa Graham on Nov 13th, 2024

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT – Get Free Report)’s share price dropped 10.5% during trading on Monday . The company traded as low as $42.05 and last traded at $42.11. Approximately 1,159,695 shares were traded during trading, a decline of 48% from the average daily volume of 2,221,534 shares. The stock had previously closed at $47.03.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Down 2.9 %

The firm has a 50-day moving average of $49.94 and a two-hundred day moving average of $45.09. The firm has a market capitalization of $569.59 million, a P/E ratio of 19.80 and a beta of 1.57.

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

Institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the second quarter valued at about $195,000. Harbour Investments Inc. increased its position in Direxion Daily Gold Miners Index Bull 2x Shares by 27.5% in the 2nd quarter. Harbour Investments Inc. now owns 7,462 shares of the exchange traded fund’s stock valued at $280,000 after acquiring an additional 1,608 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the second quarter valued at $317,000. Virtu Financial LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the first quarter worth $384,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the first quarter worth $856,000.

About Direxion Daily Gold Miners Index Bull 2x Shares

(Get Free Report)

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.