Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Gap Up to $49.65

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) gapped up before the market opened on Tuesday . The stock had previously closed at $49.65, but opened at $50.79. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $51.34, with a volume of 102,529 shares traded.

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

The firm’s fifty day moving average price is $46.44 and its two-hundred day moving average price is $41.82. The stock has a market capitalization of $743.34 million, a PE ratio of 19.80 and a beta of 1.57.

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

Several institutional investors and hedge funds have recently modified their holdings of NUGT. Hollencrest Capital Management raised its position in Direxion Daily Gold Miners Index Bull 2x Shares by 50.0% during the first quarter. Hollencrest Capital Management now owns 900 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 300 shares during the period. PNC Financial Services Group Inc. acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 4th quarter worth about $49,000. Headlands Technologies LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter worth about $195,000. 180 Wealth Advisors LLC lifted its stake in 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 in the last quarter. Finally, Harbour Investments Inc. boosted its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 27.5% in the 2nd quarter. Harbour Investments Inc. now owns 7,462 shares of the exchange traded fund’s stock worth $280,000 after buying an additional 1,608 shares during the last quarter.

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.