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

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $188.48, but opened at $196.80. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $195.2660, with a volume of 165,834 shares.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

The stock’s 50-day moving average is $147.90 and its 200 day moving average is $173.18. The stock has a market capitalization of $1.47 billion, a PE ratio of 22.41 and a beta of 1.37.

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

Hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC acquired a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the second quarter worth approximately $1,282,000. Revere Asset Management Inc acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the fourth quarter valued at approximately $1,302,000. Virtu Financial LLC boosted its holdings in shares of 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 acquiring an additional 30,151 shares during the period. Millennium Capital Advisors LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the fourth quarter worth approximately $608,000. Finally, Harbour Investments Inc. grew its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 11.1% during the fourth quarter. Harbour Investments Inc. now owns 4,129 shares of the exchange traded fund’s stock worth $759,000 after acquiring an additional 413 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.