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

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) gapped up prior to trading on Tuesday . The stock had previously closed at $213.62, but opened at $239.03. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $232.9360, with a volume of 245,108 shares.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Up 7.3%

The business’s 50 day moving average price is $206.70 and its 200-day moving average price is $152.30. The company has a market cap of $1.24 billion, a PE ratio of 22.41 and a beta of 1.08.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. FNY Investment Advisers LLC acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the second quarter valued at approximately $557,000. Savvy Advisors Inc. acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 2nd quarter worth approximately $498,000. Simplex Trading LLC bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 2nd quarter valued at approximately $1,004,000. Crosspoint Financial LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter valued at approximately $282,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter valued at approximately $990,000.

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.