Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Gap Down to $37.51

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) gapped down prior to trading on Wednesday . The stock had previously closed at $37.51, but opened at $36.31. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $37.17, with a volume of 306,442 shares trading hands.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Up 2.2 %

The stock has a market cap of $560.36 million, a P/E ratio of 19.80 and a beta of 1.57. The company’s 50 day moving average price is $39.87 and its 200-day moving average price is $34.16.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NUGT. Pineridge Advisors LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 1st quarter worth approximately $5,410,000. Simplex Trading LLC grew its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 192.8% during the 1st quarter. Simplex Trading LLC now owns 93,119 shares of the exchange traded fund’s stock worth $3,198,000 after acquiring an additional 61,320 shares during the period. IMC Chicago LLC raised its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 33.5% in the 4th quarter. IMC Chicago LLC now owns 79,207 shares of the exchange traded fund’s stock worth $2,755,000 after acquiring an additional 19,879 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 1st quarter valued at about $2,193,000. Finally, Jump Financial LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 4th quarter valued at about $1,623,000.

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.