180 Wealth Advisors LLC Raises Stock Position in Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)

180 Wealth Advisors LLC grew its holdings in Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) by 12.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,123 shares of the exchange traded fund’s stock after acquiring an additional 792 shares during the period. 180 Wealth Advisors LLC’s holdings in Direxion Daily Gold Miners Index Bull 2x Shares were worth $245,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. PNC Financial Services Group Inc. purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 4th quarter valued at $49,000. IMC Chicago LLC raised its stake 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 valued at $2,755,000 after acquiring an additional 19,879 shares during the period. Jump Financial LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 4th quarter valued at $1,623,000. Headlands Technologies LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 4th quarter valued at $136,000. Finally, U S Global Investors Inc. purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 4th quarter valued at $316,000.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Down 1.8 %

Shares of NUGT stock opened at $37.58 on Friday. The company’s fifty day simple moving average is $39.83 and its 200-day simple moving average is $34.20. Direxion Daily Gold Miners Index Bull 2x Shares has a 52 week low of $23.15 and a 52 week high of $47.07. The company has a market cap of $550.55 million, a PE ratio of 19.80 and a beta of 1.57.

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.