Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Sets New 52-Week High – What’s Next?

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) reached a new 52-week high during trading on Friday . The company traded as high as $65.31 and last traded at $63.95, with a volume of 2429973 shares changing hands. The stock had previously closed at $58.31.

Direxion Daily Gold Miners Index Bull 2x Shares Price Performance

The stock has a market cap of $620.46 million, a price-to-earnings ratio of 29.18 and a beta of 1.68. The firm has a 50 day simple moving average of $54.42 and a two-hundred day simple moving average of $47.91.

Direxion Daily Gold Miners Index Bull 2x Shares Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were given a $0.1476 dividend. This is an increase from Direxion Daily Gold Miners Index Bull 2x Shares’s previous dividend of $0.07. The ex-dividend date of this dividend was Tuesday, March 25th.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC increased its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 68.0% during the 3rd quarter. HighTower Advisors LLC now owns 11,378 shares of the exchange traded fund’s stock worth $564,000 after purchasing an additional 4,605 shares in the last quarter. IMC Chicago LLC boosted its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 182.7% in the fourth quarter. IMC Chicago LLC now owns 121,040 shares of the exchange traded fund’s stock valued at $4,256,000 after buying an additional 78,230 shares during the period. 180 Wealth Advisors LLC increased its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 9.9% during the fourth quarter. 180 Wealth Advisors LLC now owns 6,529 shares of the exchange traded fund’s stock worth $230,000 after acquiring an additional 590 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter worth $505,000. Finally, PFG Investments LLC bought a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the 4th quarter valued at $364,000.

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.