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

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $231.71, but opened at $240.90. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $231.9190, with a volume of 185,632 shares traded.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

The firm has a market cap of $1.36 billion, a PE ratio of 22.41 and a beta of 1.08. The stock has a fifty day moving average price of $178.75 and a 200-day moving average price of $135.58.

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

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

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.