Direxion Daily Gold Miners Index Bull 2x ETF (NYSEARCA:NUGT) Shares Climb 7.5% – What’s Next?

Direxion Daily Gold Miners Index Bull 2x ETF (NYSEARCA:NUGT)’s share price rose 7.5% during trading on Monday. The stock traded as high as $120.43 and last traded at $119.7790. 265,044 shares traded hands during trading, a decline of 62% from the average daily volume of 696,667 shares. The stock had previously closed at $111.38.

Direxion Daily Gold Miners Index Bull 2x ETF Price Performance

The business’s 50 day moving average price is $162.60 and its 200 day moving average price is $178.84. The firm has a market cap of $822.05 million, a PE ratio of 22.41 and a beta of 1.33.

Hedge Funds Weigh In On Direxion Daily Gold Miners Index Bull 2x ETF

Hedge funds have recently modified their holdings of the business. Headlands Technologies LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x ETF in the 2nd quarter worth approximately $1,282,000. Frazier Financial Advisors LLC purchased a new stake in Direxion Daily Gold Miners Index Bull 2x ETF during the 1st quarter worth approximately $753,000. Optiver Holding B.V. raised its stake in Direxion Daily Gold Miners Index Bull 2x ETF by 72.3% during the first quarter. Optiver Holding B.V. now owns 3,052 shares of the exchange traded fund’s stock valued at $575,000 after buying an additional 1,281 shares in the last quarter. 180 Wealth Advisors LLC raised its stake in Direxion Daily Gold Miners Index Bull 2x ETF by 4.6% during the second quarter. 180 Wealth Advisors LLC now owns 3,011 shares of the exchange traded fund’s stock worth $352,000 after acquiring an additional 132 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Direxion Daily Gold Miners Index Bull 2x ETF by 160.1% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,670 shares of the exchange traded fund’s stock worth $195,000 after acquiring an additional 1,028 shares during the last quarter.

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.