Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Gap Down – Here’s Why

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $205.00, but opened at $180.03. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $191.45, with a volume of 232,154 shares traded.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Down 2.0%

The stock’s 50 day moving average is $234.73 and its 200 day moving average is $191.05. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 22.41 and a beta of 1.08.

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

Several large investors have recently modified their holdings of the business. IMC Chicago LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 3rd quarter worth approximately $10,013,000. Client First Investment Management LLC acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the 3rd quarter valued at $7,719,000. Virtu Financial LLC increased its position in Direxion Daily Gold Miners Index Bull 2x Shares by 548.5% during the fourth quarter. Virtu Financial LLC now owns 35,648 shares of the exchange traded fund’s stock worth $6,554,000 after buying an additional 30,151 shares in the last quarter. HRT Financial LP increased its position in Direxion Daily Gold Miners Index Bull 2x Shares by 379.8% during the fourth quarter. HRT Financial LP now owns 34,629 shares of the exchange traded fund’s stock worth $6,366,000 after buying an additional 27,411 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 9.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 21,537 shares of the exchange traded fund’s stock worth $3,960,000 after acquiring an additional 1,914 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.