Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Gap Down to $39.51

Shares of Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) gapped down before the market opened on Monday . The stock had previously closed at $39.51, but opened at $36.25. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $37.17, with a volume of 1,499,892 shares.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

The company has a market capitalization of $586.34 million, a P/E ratio of 20.74 and a beta of 1.57. The firm’s fifty day moving average is $31.52 and its 200 day moving average is $31.05.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Centric Wealth Management purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the third quarter worth $3,735,000. Simplex Trading LLC lifted its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 326.4% during the 3rd quarter. Simplex Trading LLC now owns 94,949 shares of the exchange traded fund’s stock valued at $2,533,000 after buying an additional 72,682 shares in the last quarter. Jump Financial LLC purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the 4th quarter valued at about $1,623,000. IMC Chicago LLC grew its stake in 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 worth $2,755,000 after acquiring an additional 19,879 shares in the last quarter. Finally, E Fund Management Co. Ltd. bought a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the 3rd quarter worth about $517,000.

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.