Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Trading Up 6.5% – What’s Next?

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s stock price rose 6.5% on Wednesday . The company traded as high as $51.58 and last traded at $51.32. Approximately 625,891 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 1,514,523 shares. The stock had previously closed at $48.19.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

The business’s 50-day moving average is $40.86 and its two-hundred day moving average is $45.08. The stock has a market capitalization of $736.60 million, a PE ratio of 19.80 and a beta of 1.57.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 68.0% in the 3rd quarter. HighTower Advisors LLC now owns 11,378 shares of the exchange traded fund’s stock valued at $564,000 after buying an additional 4,605 shares during the period. IMC Chicago LLC grew its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 84.4% in the 3rd quarter. IMC Chicago LLC now owns 42,810 shares of the exchange traded fund’s stock valued at $2,126,000 after buying an additional 19,599 shares during the period. 180 Wealth Advisors LLC grew 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 valued at $230,000 after buying an additional 590 shares during the period. Virtu Financial LLC purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the 3rd quarter valued at about $505,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 40.4% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 11,856 shares of the exchange traded fund’s stock valued at $589,000 after buying an additional 3,409 shares during the period.

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.