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

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) shares gapped down before the market opened on Tuesday . The stock had previously closed at $210.50, but opened at $204.05. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $207.25, with a volume of 213,668 shares trading hands.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Up 2.8%

The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 22.41 and a beta of 1.25. The firm’s fifty day moving average price is $133.67 and its 200 day moving average price is $176.70.

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

Hedge funds have recently made changes to their positions in the business. Revere Asset Management Inc purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the fourth quarter valued at $1,302,000. Virtu Financial LLC increased its stake in 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 last quarter. Millennium Capital Advisors LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 4th quarter valued at $608,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 160.1% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,670 shares of the exchange traded fund’s stock worth $195,000 after purchasing an additional 1,028 shares in the last quarter. Finally, 180 Wealth Advisors LLC lifted its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 4.6% in the second quarter. 180 Wealth Advisors LLC now owns 3,011 shares of the exchange traded fund’s stock valued at $352,000 after buying an additional 132 shares during 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.