Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Gap Down – What’s Next?

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) shares gapped down prior to trading on Friday . The stock had previously closed at $36.36, but opened at $35.42. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $35.70, with a volume of 406,024 shares trading hands.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Down 1.3 %

The stock has a market cap of $525.50 million, a PE ratio of 19.80 and a beta of 1.57. The business has a 50-day moving average price of $44.26 and a 200 day moving average price of $44.95.

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

Several large investors have recently modified their holdings of the business. Headlands Technologies LLC bought a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the 2nd quarter worth approximately $195,000. Virtu Financial LLC bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the third quarter worth $505,000. HighTower Advisors LLC grew its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 68.0% in the third quarter. HighTower Advisors LLC now owns 11,378 shares of the exchange traded fund’s stock valued at $564,000 after purchasing an additional 4,605 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 40.4% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 11,856 shares of the exchange traded fund’s stock valued at $589,000 after purchasing an additional 3,409 shares during the period. Finally, Fore Capital LLC purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter worth about $1,691,000.

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.