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 Wednesday . The stock had previously closed at $211.65, but opened at $199.37. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $196.5110, with a volume of 296,493 shares changing hands.

Direxion Daily Gold Miners Index Bull 2x Shares Price Performance

The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 22.41 and a beta of 1.08. The business has a fifty day moving average price of $168.68 and a 200 day moving average price of $130.24.

Institutional Trading of Direxion Daily Gold Miners Index Bull 2x Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in NUGT. Tower Research Capital LLC TRC increased 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 acquiring an additional 725 shares during the period. Raymond James Financial Inc. bought a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter valued at $71,000. Caitlin John LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 3rd quarter valued at $164,000. PFG Investments LLC bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 3rd quarter worth $232,000. Finally, CreativeOne Wealth LLC bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 3rd quarter worth $258,000.

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.