IPG Investment Advisors LLC Buys Shares of 5,038 Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)

IPG Investment Advisors LLC acquired a new position in Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,038 shares of the exchange traded fund’s stock, valued at approximately $211,000.

A number of other institutional investors and hedge funds have also modified their holdings of NUGT. Insight Advisors LLC PA acquired a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the 4th quarter valued at about $371,000. Atticus Wealth Management LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 1st quarter valued at approximately $83,000. U S Global Investors Inc. lifted its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 2,281.0% during the 1st quarter. U S Global Investors Inc. now owns 10,000 shares of the exchange traded fund’s stock valued at $419,000 after purchasing an additional 9,580 shares during the last quarter. Credit Suisse AG acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the fourth quarter worth $112,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 34.9% in the first quarter. Tower Research Capital LLC TRC now owns 1,427 shares of the exchange traded fund’s stock worth $60,000 after purchasing an additional 369 shares during the period.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Down 0.5 %

Direxion Daily Gold Miners Index Bull 2x Shares stock traded down $0.15 during midday trading on Thursday, reaching $32.49. The company’s stock had a trading volume of 312,690 shares, compared to its average volume of 2,358,652. The stock has a market cap of $428.87 million, a PE ratio of 16.65 and a beta of 1.98. The business has a 50-day moving average price of $34.08 and a 200-day moving average price of $37.74. Direxion Daily Gold Miners Index Bull 2x Shares has a 52 week low of $20.30 and a 52 week high of $51.89.

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.