Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Hits New 1-Year High – What’s Next?

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $61.50 and last traded at $60.32, with a volume of 408234 shares. The stock had previously closed at $58.68.

Direxion Daily Gold Miners Index Bull 2x Shares Price Performance

The firm has a market capitalization of $608.63 million, a P/E ratio of 26.41 and a beta of 2.32. The stock’s fifty day simple moving average is $48.26 and its 200 day simple moving average is $46.43.

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

Large investors have recently modified their holdings of the business. Tudor Investment Corp ET AL acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the fourth quarter valued at about $203,000. 180 Wealth Advisors LLC lifted its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 9.9% during the fourth quarter. 180 Wealth Advisors LLC now owns 6,529 shares of the exchange traded fund’s stock worth $230,000 after purchasing an additional 590 shares during the period. Beacon Harbor Wealth Advisors Inc. lifted its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 55.6% during the fourth quarter. Beacon Harbor Wealth Advisors Inc. now owns 7,000 shares of the exchange traded fund’s stock worth $246,000 after purchasing an additional 2,500 shares during the period. Virtu Financial LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter worth about $505,000. Finally, PFG Investments LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the fourth quarter worth about $364,000.

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.