Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Gap Up to $44.20

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) shares gapped up prior to trading on Thursday . The stock had previously closed at $44.20, but opened at $45.90. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $46.95, with a volume of 617,956 shares changing hands.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Up 4.5 %

The company has a market capitalization of $741.44 million, a P/E ratio of 19.80 and a beta of 1.57. The business has a fifty day moving average price of $45.16 and a 200 day moving average price of $39.73.

Institutional Trading of Direxion Daily Gold Miners Index Bull 2x Shares

A number of institutional investors have recently made changes to their positions in NUGT. IMC Chicago LLC grew its position in Direxion Daily Gold Miners Index Bull 2x Shares by 33.5% in the fourth quarter. IMC Chicago LLC now owns 79,207 shares of the exchange traded fund’s stock valued at $2,755,000 after purchasing an additional 19,879 shares in the last quarter. 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. 180 Wealth Advisors LLC grew 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 acquiring an additional 792 shares in the last quarter. Simplex Trading LLC increased its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 192.8% in the first quarter. Simplex Trading LLC now owns 93,119 shares of the exchange traded fund’s stock valued at $3,198,000 after acquiring an additional 61,320 shares during the last quarter. Finally, Hollencrest Capital Management raised its holdings 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 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.