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) shares gapped up prior to trading on Tuesday . The stock had previously closed at $185.00, but opened at $193.78. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $190.22, with a volume of 256,068 shares changing hands.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Up 3.0%

The firm’s fifty day moving average is $158.83 and its 200 day moving average is $124.40. The company has a market cap of $1.55 billion, a PE ratio of 22.41 and a beta of 1.08.

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

Several large investors have recently bought and sold shares of NUGT. Tower Research Capital LLC TRC lifted its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 473.9% in the second quarter. Tower Research Capital LLC TRC now owns 878 shares of the exchange traded fund’s stock valued at $65,000 after acquiring an additional 725 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the 2nd quarter valued at $71,000. Caitlin John LLC acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the 3rd quarter worth $164,000. PFG Investments LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the third quarter worth about $232,000. Finally, CreativeOne Wealth LLC purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the 3rd quarter valued at about $258,000.

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.