Direxion Daily Gold Miners Index Bull 2x ETF (NYSEARCA:NUGT) Shares Up 7.5% – Here’s Why

Direxion Daily Gold Miners Index Bull 2x ETF (NYSEARCA:NUGT – Get Free Report)’s share price shot up 7.5% on Monday. The stock traded as high as $120.43 and last traded at $119.7790. 265,044 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 696,667 shares. The stock had previously closed at $111.38.

Direxion Daily Gold Miners Index Bull 2x ETF Price Performance

The firm has a market capitalization of $822.05 million, a PE ratio of 22.41 and a beta of 1.33. The firm has a fifty day moving average price of $162.60 and a 200 day moving average price of $178.84.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new stake in Direxion Daily Gold Miners Index Bull 2x ETF in the 2nd quarter worth $99,000. Headlands Technologies LLC acquired a new position in Direxion Daily Gold Miners Index Bull 2x ETF during the second quarter worth $1,282,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Direxion Daily Gold Miners Index Bull 2x ETF by 160.1% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,670 shares of the exchange traded fund’s stock valued at $195,000 after acquiring an additional 1,028 shares during the last quarter. 180 Wealth Advisors LLC increased its stake in shares of Direxion Daily Gold Miners Index Bull 2x ETF by 4.6% during the second quarter. 180 Wealth Advisors LLC now owns 3,011 shares of the exchange traded fund’s stock worth $352,000 after purchasing an additional 132 shares during the period. Finally, Parallel Advisors LLC acquired a new position in Direxion Daily Gold Miners Index Bull 2x ETF in the first quarter valued at about $31,000.

Direxion Daily Gold Miners Index Bull 2x ETF Company Profile

(Get Free Report)

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.

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