Revere Asset Management Inc Makes New $1.30 Million Investment in Direxion Daily Gold Miners Index Bull 2x Shares $NUGT

Revere Asset Management Inc acquired a new position in Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 7,080 shares of the exchange traded fund’s stock, valued at approximately $1,302,000. Direxion Daily Gold Miners Index Bull 2x Shares comprises about 0.5% of Revere Asset Management Inc’s portfolio, making the stock its 16th biggest position.

A number of other large investors have also added to or reduced their stakes in the company. Harbour Investments Inc. boosted its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 11.1% in the 4th quarter. Harbour Investments Inc. now owns 4,129 shares of the exchange traded fund’s stock worth $759,000 after purchasing an additional 413 shares during the period. HighTower Advisors LLC boosted its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 12.2% during the fourth quarter. HighTower Advisors LLC now owns 1,721 shares of the exchange traded fund’s stock worth $316,000 after buying an additional 187 shares during the period. Millennium Capital Advisors LLC purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the fourth quarter worth $608,000. Crosspoint Financial LLC purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the fourth quarter worth $367,000. Finally, SBI Securities Co. Ltd. boosted its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 9.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 21,537 shares of the exchange traded fund’s stock worth $3,960,000 after buying an additional 1,914 shares during the period.

Direxion Daily Gold Miners Index Bull 2x Shares Price Performance

NYSEARCA NUGT opened at $155.00 on Tuesday. The company has a fifty day moving average of $185.91 and a two-hundred day moving average of $202.58. The firm has a market capitalization of $906.75 million, a price-to-earnings ratio of 22.41 and a beta of 1.18. Direxion Daily Gold Miners Index Bull 2x Shares has a 52 week low of $67.98 and a 52 week high of $320.79.

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.