Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Gap Down – Should You Sell?

Shares of Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) gapped down prior to trading on Thursday . The stock had previously closed at $119.46, but opened at $112.09. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $113.31, with a volume of 174,715 shares.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

The company has a 50 day simple moving average of $135.70 and a 200 day simple moving average of $191.59. The company has a market capitalization of $856.62 million, a PE ratio of 22.41 and a beta of 1.25.

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

Several large investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 3.2% in the 4th quarter. NewEdge Advisors LLC now owns 2,224 shares of the exchange traded fund’s stock valued at $409,000 after acquiring an additional 69 shares during the last quarter. 180 Wealth Advisors LLC boosted its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 4.6% during the 2nd quarter. 180 Wealth Advisors LLC now owns 3,011 shares of the exchange traded fund’s stock worth $352,000 after purchasing an additional 132 shares during the last quarter. Parallel Advisors LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 1st quarter worth approximately $31,000. HighTower Advisors LLC grew its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 12.2% in the fourth quarter. HighTower Advisors LLC now owns 1,721 shares of the exchange traded fund’s stock valued at $316,000 after purchasing an additional 187 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec grew its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 27.3% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,025 shares of the exchange traded fund’s stock valued at $189,000 after purchasing an additional 220 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.