Direxion Daily Gold Miners Index Bull 2x ETF (NYSEARCA:NUGT) Stock Price Breaks Above Fifty Day Moving Average – Time to Sell?

Direxion Daily Gold Miners Index Bull 2x ETF (NYSEARCA:NUGT) passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $153.54 and traded as high as $156.54. Direxion Daily Gold Miners Index Bull 2x ETF shares last traded at $154.28, with a volume of 702,698 shares.

Direxion Daily Gold Miners Index Bull 2x ETF Stock Down 3.1%

The firm has a market cap of $923.98 million, a PE ratio of 22.41 and a beta of 1.36. The stock has a 50 day moving average price of $151.69 and a two-hundred day moving average price of $174.15.

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

Institutional investors have recently bought and sold shares of the stock. 180 Wealth Advisors LLC grew its position in Direxion Daily Gold Miners Index Bull 2x ETF by 4.0% during the 3rd quarter. 180 Wealth Advisors LLC now owns 3,131 shares of the exchange traded fund’s stock worth $463,000 after purchasing an additional 120 shares during the last quarter. Parallel Advisors LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x ETF in the first quarter worth $31,000. Integrated Wealth Concepts LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x ETF in the second quarter worth $99,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Direxion Daily Gold Miners Index Bull 2x ETF 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 buying an additional 1,028 shares during the period. Finally, Optiver Holding B.V. lifted its stake in shares of Direxion Daily Gold Miners Index Bull 2x ETF by 72.3% during the first quarter. Optiver Holding B.V. now owns 3,052 shares of the exchange traded fund’s stock worth $575,000 after buying an additional 1,281 shares during the period.

About Direxion Daily Gold Miners Index Bull 2x ETF

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.