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) gapped down before the market opened on Thursday . The stock had previously closed at $119.46, but opened at $112.09. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $113.31, with a volume of 174,715 shares.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

The stock has a market capitalization of $856.62 million, a price-to-earnings ratio of 22.41 and a beta of 1.25. The business has a 50-day moving average of $135.70 and a 200-day moving average of $191.59.

Institutional Investors Weigh In On Direxion Daily Gold Miners Index Bull 2x Shares

Institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 1st quarter valued at approximately $31,000. Tower Research Capital LLC TRC boosted its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 473.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 878 shares of the exchange traded fund’s stock worth $65,000 after purchasing an additional 725 shares during the period. Raymond James Financial Inc. acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the 2nd quarter valued at approximately $71,000. Federation des caisses Desjardins du Quebec increased its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 27.3% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,025 shares of the exchange traded fund’s stock valued at $189,000 after purchasing an additional 220 shares during the last quarter. Finally, StoneX Group Inc. purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the fourth quarter valued at approximately $264,000.

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.