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

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s share price gapped down before the market opened on Monday . The stock had previously closed at $44.71, but opened at $41.66. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $41.85, with a volume of 234,046 shares.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Up 1.0 %

The company has a market cap of $622.33 million, a price-to-earnings ratio of 19.80 and a beta of 1.57. The company’s fifty day moving average price is $49.30 and its two-hundred day moving average price is $45.27.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NUGT. Headlands Technologies LLC acquired a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter valued at about $195,000. Harbour Investments Inc. raised its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 27.5% in the second quarter. Harbour Investments Inc. now owns 7,462 shares of the exchange traded fund’s stock worth $280,000 after purchasing an additional 1,608 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the second quarter worth $317,000. Virtu Financial LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 1st quarter valued at $384,000. Finally, HighTower Advisors LLC increased its position in shares of 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 in 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.