Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Gap Up to $38.39

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $38.39, but opened at $39.55. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $38.77, with a volume of 543,173 shares.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

The stock has a market cap of $624.26 million, a price-to-earnings ratio of 20.74 and a beta of 1.57. The company has a 50-day simple moving average of $31.33 and a two-hundred day simple moving average of $30.89.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 34.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,427 shares of the exchange traded fund’s stock worth $60,000 after purchasing an additional 369 shares during the last quarter. Advisor Group Holdings Inc. increased its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 98.7% during the 4th quarter. Advisor Group Holdings Inc. now owns 1,065 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 529 shares during the last quarter. 180 Wealth Advisors LLC increased its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 12.5% during the 1st quarter. 180 Wealth Advisors LLC now owns 7,123 shares of the exchange traded fund’s stock worth $245,000 after acquiring an additional 792 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 3rd quarter worth approximately $28,000. Finally, HighTower Advisors LLC increased its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 12.6% during the 1st quarter. HighTower Advisors LLC now owns 10,828 shares of the exchange traded fund’s stock worth $454,000 after acquiring an additional 1,213 shares during the last quarter.

About Direxion Daily Gold Miners Index Bull 2x Shares

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.