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

Shares of Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) gapped up before the market opened on Wednesday . The stock had previously closed at $157.36, but opened at $174.92. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $178.97, with a volume of 342,849 shares trading hands.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Up 17.3%

The stock has a market cap of $1.41 billion, a PE ratio of 22.41 and a beta of 1.25. The firm has a 50-day simple moving average of $128.18 and a 200-day simple moving average of $177.72.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC raised 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 valued at $6,554,000 after purchasing an additional 30,151 shares in the last quarter. HRT Financial LP boosted its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 379.8% in the 4th quarter. HRT Financial LP now owns 34,629 shares of the exchange traded fund’s stock worth $6,366,000 after purchasing an additional 27,411 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter valued at about $990,000. Jump Financial LLC increased its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 173.3% during the 4th quarter. Jump Financial LLC now owns 20,651 shares of the exchange traded fund’s stock valued at $3,797,000 after purchasing an additional 13,095 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 873.8% during the 3rd quarter. UBS Group AG now owns 9,738 shares of the exchange traded fund’s stock valued at $1,504,000 after buying an additional 8,738 shares in the last quarter.

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.