Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Gap Up – Here’s What Happened

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) shares gapped up before the market opened on Monday . The stock had previously closed at $133.89, but opened at $152.67. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $155.26, with a volume of 319,982 shares.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Up 13.4%

The business has a fifty day moving average of $178.21 and a 200-day moving average of $202.98. The firm has a market cap of $888.09 million, a PE ratio of 22.41 and a beta of 1.16.

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

A number of institutional investors have recently added to or reduced their stakes in NUGT. Virtu Financial LLC increased its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 548.5% in the 4th quarter. Virtu Financial LLC now owns 35,648 shares of the exchange traded fund’s stock worth $6,554,000 after acquiring an additional 30,151 shares during the last quarter. HRT Financial LP increased its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 379.8% in the 4th quarter. HRT Financial LP now owns 34,629 shares of the exchange traded fund’s stock worth $6,366,000 after acquiring an additional 27,411 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the 2nd quarter worth about $990,000. Jump Financial LLC increased its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 173.3% in the 4th quarter. Jump Financial LLC now owns 20,651 shares of the exchange traded fund’s stock worth $3,797,000 after acquiring an additional 13,095 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 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.