Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Stock Price Up 5.1% – Here’s What Happened

Shares of Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) traded up 5.1% during trading on Thursday . The company traded as high as $61.27 and last traded at $61.63. 585,059 shares traded hands during trading, a decline of 69% from the average session volume of 1,870,628 shares. The stock had previously closed at $58.64.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

The company has a 50 day simple moving average of $50.20 and a two-hundred day simple moving average of $46.95. The company has a market cap of $615.70 million, a PE ratio of 26.41 and a beta of 2.32.

Direxion Daily Gold Miners Index Bull 2x Shares Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be issued a dividend of $0.1476 per share. This is a positive change from Direxion Daily Gold Miners Index Bull 2x Shares’s previous dividend of $0.07. The ex-dividend date of this dividend is Tuesday, March 25th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Tudor Investment Corp ET AL bought a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the fourth quarter worth approximately $203,000. 180 Wealth Advisors LLC raised its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 9.9% in the 4th 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 during the period. Beacon Harbor Wealth Advisors Inc. lifted its position in Direxion Daily Gold Miners Index Bull 2x Shares by 55.6% during the 4th quarter. Beacon Harbor Wealth Advisors Inc. now owns 7,000 shares of the exchange traded fund’s stock worth $246,000 after acquiring an additional 2,500 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the third quarter valued at about $505,000. Finally, PFG Investments LLC bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the fourth quarter worth about $364,000.

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.