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

Direxion Daily Gold Miners Index Bull 2x ETF (NYSEARCA:NUGT) gapped down prior to trading on Wednesday . The stock had previously closed at $184.39, but opened at $174.44. Direxion Daily Gold Miners Index Bull 2x ETF shares last traded at $169.14, with a volume of 282,726 shares trading hands.

Direxion Daily Gold Miners Index Bull 2x ETF Trading Down 8.8%

The business’s 50-day moving average is $159.78 and its two-hundred day moving average is $165.83. The stock has a market capitalization of $1.13 billion, a PE ratio of 22.41 and a beta of 1.37.

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

Institutional investors have recently modified their holdings of the stock. Virtu Financial LLC increased its holdings in shares of Direxion Daily Gold Miners Index Bull 2x ETF by 548.5% in the 4th quarter. Virtu Financial LLC now owns 35,648 shares of the exchange traded fund’s stock valued at $6,554,000 after acquiring an additional 30,151 shares during the last quarter. Revere Asset Management Inc bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x ETF during the fourth quarter worth about $1,302,000. Headlands Technologies LLC bought a new position in Direxion Daily Gold Miners Index Bull 2x ETF in the 2nd quarter worth about $1,282,000. Harbour Investments Inc. boosted its position in shares of Direxion Daily Gold Miners Index Bull 2x ETF by 11.1% during the fourth quarter. Harbour Investments Inc. now owns 4,129 shares of the exchange traded fund’s stock worth $759,000 after buying an additional 413 shares during the period. Finally, Frazier Financial Advisors LLC acquired a new position in Direxion Daily Gold Miners Index Bull 2x ETF during the 1st quarter worth $753,000.

Direxion Daily Gold Miners Index Bull 2x ETF 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.