Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Gap Down – Time to Sell?

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $167.52, but opened at $157.92. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $160.22, with a volume of 139,163 shares.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Down 4.5%

The stock’s fifty day moving average is $185.26 and its two-hundred day moving average is $202.86. The company has a market capitalization of $935.53 million, a PE ratio of 22.41 and a beta of 1.18.

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

Several institutional investors have recently added to or reduced their stakes in NUGT. IMC Chicago LLC purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter valued at about $10,013,000. Virtu Financial LLC lifted its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 548.5% during 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. HRT Financial LP lifted its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 379.8% during the fourth quarter. HRT Financial LP now owns 34,629 shares of the exchange traded fund’s stock valued at $6,366,000 after purchasing an additional 27,411 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the second quarter valued at about $990,000. Finally, Jump Financial LLC lifted its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 173.3% during the fourth quarter. Jump Financial LLC now owns 20,651 shares of the exchange traded fund’s stock valued at $3,797,000 after purchasing an additional 13,095 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.