Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Gap Up to $43.32

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) shares gapped up prior to trading on Thursday . The stock had previously closed at $43.32, but opened at $44.99. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $44.90, with a volume of 398,811 shares trading hands.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

The firm’s fifty day simple moving average is $44.69 and its 200 day simple moving average is $39.18. The stock has a market capitalization of $612.37 million, a price-to-earnings ratio of 19.80 and a beta of 1.57.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Hollencrest Capital Management lifted its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 50.0% in the 1st quarter. Hollencrest Capital Management now owns 900 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 300 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the fourth quarter worth $49,000. Headlands Technologies LLC acquired a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the second quarter worth $195,000. 180 Wealth Advisors LLC grew its position in Direxion Daily Gold Miners Index Bull 2x Shares by 12.5% in the first quarter. 180 Wealth Advisors LLC now owns 7,123 shares of the exchange traded fund’s stock valued at $245,000 after purchasing an additional 792 shares in the last quarter. Finally, Harbour Investments Inc. increased its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 27.5% in the 2nd quarter. Harbour Investments Inc. now owns 7,462 shares of the exchange traded fund’s stock valued at $280,000 after buying an additional 1,608 shares during 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.