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

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) gapped down before the market opened on Thursday . The stock had previously closed at $159.91, but opened at $153.00. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $157.18, with a volume of 89,531 shares traded.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

The firm has a market cap of $913.01 million, a price-to-earnings ratio of 22.41 and a beta of 1.18. The firm has a 50-day moving average price of $190.73 and a two-hundred day moving average price of $201.97.

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

Several hedge funds and other institutional investors have recently made changes to their positions in NUGT. Qube Research & Technologies Ltd acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter worth about $990,000. Raymond James Financial Inc. acquired a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the second quarter worth approximately $71,000. Tower Research Capital LLC TRC increased its position in Direxion Daily Gold Miners Index Bull 2x Shares by 473.9% during the second quarter. Tower Research Capital LLC TRC now owns 878 shares of the exchange traded fund’s stock worth $65,000 after buying an additional 725 shares during the period. PFG Investments LLC acquired a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter worth approximately $232,000. Finally, IMC Chicago LLC acquired a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter worth approximately $10,013,000.

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.