Revere Asset Management Inc Buys New Holdings in Direxion Daily Gold Miners Index Bull 2x Shares $NUGT

Revere Asset Management Inc bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,080 shares of the exchange traded fund’s stock, valued at approximately $1,302,000. Direxion Daily Gold Miners Index Bull 2x Shares accounts for approximately 0.5% of Revere Asset Management Inc’s investment portfolio, making the stock its 16th biggest position. Revere Asset Management Inc owned about 0.13% of Direxion Daily Gold Miners Index Bull 2x Shares at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. IMC Chicago LLC bought a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the 3rd quarter worth approximately $10,013,000. SBI Securities Co. Ltd. increased its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 9.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 21,537 shares of the exchange traded fund’s stock worth $3,960,000 after acquiring an additional 1,914 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the 2nd quarter worth approximately $990,000. FNY Investment Advisers LLC increased its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 60.0% in the 3rd quarter. FNY Investment Advisers LLC now owns 12,000 shares of the exchange traded fund’s stock worth $1,853,000 after acquiring an additional 4,500 shares during the last quarter. Finally, UBS Group AG increased its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 873.8% in the 3rd quarter. UBS Group AG now owns 9,738 shares of the exchange traded fund’s stock worth $1,504,000 after acquiring an additional 8,738 shares during the last quarter.

Direxion Daily Gold Miners Index Bull 2x Shares Price Performance

NYSEARCA:NUGT opened at $155.00 on Tuesday. Direxion Daily Gold Miners Index Bull 2x Shares has a 1 year low of $67.98 and a 1 year high of $320.79. The stock’s 50 day simple moving average is $185.91 and its two-hundred day simple moving average is $202.58. The company has a market cap of $906.75 million, a price-to-earnings ratio of 22.41 and a beta of 1.18.

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.