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

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $46.36, but opened at $44.45. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $44.50, with a volume of 496,876 shares changing hands.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Down 6.0 %

The firm has a market capitalization of $638.30 million, a PE ratio of 19.80 and a beta of 1.57. The company has a fifty day moving average price of $47.35 and a two-hundred day moving average price of $45.25.

Institutional Trading of Direxion Daily Gold Miners Index Bull 2x Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter valued at approximately $195,000. Harbour Investments Inc. raised its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 27.5% during 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 last quarter. Virtu Financial LLC purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the 3rd quarter valued at approximately $505,000. HighTower Advisors LLC raised its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 68.0% during the 3rd quarter. HighTower Advisors LLC now owns 11,378 shares of the exchange traded fund’s stock valued at $564,000 after acquiring an additional 4,605 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in Direxion Daily Gold Miners Index Bull 2x Shares by 40.4% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 11,856 shares of the exchange traded fund’s stock worth $589,000 after purchasing an additional 3,409 shares during the period.

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.