Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Up 6.3% – What’s Next?

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) were up 6.3% during trading on Tuesday . The stock traded as high as $52.32 and last traded at $51.75. Approximately 669,744 shares were traded during trading, a decline of 56% from the average daily volume of 1,522,044 shares. The stock had previously closed at $48.66.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

The stock’s 50-day simple moving average is $45.28 and its 200 day simple moving average is $46.02. The company has a market capitalization of $573.44 million, a PE ratio of 24.22 and a beta of 2.39.

Institutional Trading of Direxion Daily Gold Miners Index Bull 2x Shares

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tudor Investment Corp ET AL acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 4th quarter valued at $203,000. 180 Wealth Advisors LLC lifted its position in Direxion Daily Gold Miners Index Bull 2x Shares by 9.9% in the fourth quarter. 180 Wealth Advisors LLC now owns 6,529 shares of the exchange traded fund’s stock valued at $230,000 after acquiring an additional 590 shares during the last quarter. Beacon Harbor Wealth Advisors Inc. boosted its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 55.6% in the fourth quarter. Beacon Harbor Wealth Advisors Inc. now owns 7,000 shares of the exchange traded fund’s stock valued at $246,000 after acquiring an additional 2,500 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter worth about $505,000. Finally, PFG Investments LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the fourth quarter worth about $364,000.

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.