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

Shares of Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) gapped down prior to trading on Tuesday . The stock had previously closed at $80.27, but opened at $77.65. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $76.66, with a volume of 359,859 shares trading hands.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Up 0.6%

The stock has a 50 day simple moving average of $66.65 and a two-hundred day simple moving average of $52.99. The stock has a market capitalization of $602.44 million, a P/E ratio of 22.41 and a beta of 1.08.

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

A number of hedge funds have recently made changes to their positions in NUGT. Jump Financial LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the first quarter valued at approximately $8,235,000. GTS Securities LLC lifted its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 156.1% in the fourth quarter. GTS Securities LLC now owns 37,441 shares of the exchange traded fund’s stock valued at $1,316,000 after buying an additional 104,162 shares during the last quarter. IMC Chicago LLC lifted its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 182.7% in the fourth quarter. IMC Chicago LLC now owns 121,040 shares of the exchange traded fund’s stock valued at $4,256,000 after buying an additional 78,230 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the first quarter valued at approximately $1,340,000. Finally, Seaview Investment Managers LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the fourth quarter valued at approximately $703,000.

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.