IMC Chicago LLC Has $8.14 Million Stock Position in Direxion Daily Gold Miners Index Bull 2x Shares $NUGT

IMC Chicago LLC lowered its stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) by 25.1% during the first quarter, Holdings Channel reports. The fund owned 43,261 shares of the exchange traded fund’s stock after selling 14,474 shares during the period. IMC Chicago LLC’s holdings in Direxion Daily Gold Miners Index Bull 2x Shares were worth $8,144,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NUGT. Qube Research & Technologies Ltd bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the second quarter worth about $990,000. Raymond James Financial Inc. bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the second quarter valued at approximately $71,000. Tower Research Capital LLC TRC grew its stake in shares of 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 valued at $65,000 after purchasing an additional 725 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 40.5% in the third quarter. JPMorgan Chase & Co. now owns 2,676 shares of the exchange traded fund’s stock valued at $413,000 after purchasing an additional 771 shares in the last quarter. Finally, CreativeOne Wealth LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the third quarter valued at approximately $258,000.

Direxion Daily Gold Miners Index Bull 2x Shares Price Performance

NUGT stock opened at $111.77 on Thursday. The company has a 50 day moving average price of $144.67 and a 200 day moving average price of $194.48. Direxion Daily Gold Miners Index Bull 2x Shares has a fifty-two week low of $69.48 and a fifty-two week high of $320.79. The stock has a market capitalization of $838.27 million, a PE ratio of 22.41 and a beta of 1.25.

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.