Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Sets New 1-Year High at $53.14

Shares of Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) reached a new 52-week high during trading on Monday . The stock traded as high as $53.14 and last traded at $53.07, with a volume of 521743 shares changing hands. The stock had previously closed at $51.16.

Direxion Daily Gold Miners Index Bull 2x Shares Price Performance

The stock has a market capitalization of $762.24 million, a price-to-earnings ratio of 19.80 and a beta of 1.57. The business has a fifty day moving average of $45.81 and a 200 day moving average of $40.93.

Institutional Investors Weigh In On Direxion Daily Gold Miners Index Bull 2x Shares

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hollencrest Capital Management increased its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 50.0% in the 1st quarter. Hollencrest Capital Management now owns 900 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 300 shares during the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the fourth quarter valued at $49,000. Headlands Technologies LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 2nd quarter valued at $195,000. 180 Wealth Advisors LLC raised its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 12.5% in the 1st quarter. 180 Wealth Advisors LLC now owns 7,123 shares of the exchange traded fund’s stock valued at $245,000 after buying an additional 792 shares during the period. Finally, Harbour Investments Inc. lifted its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 27.5% during the 2nd quarter. Harbour Investments Inc. now owns 7,462 shares of the exchange traded fund’s stock worth $280,000 after acquiring an additional 1,608 shares in the last quarter.

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.