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

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) shares gapped up before the market opened on Friday . The stock had previously closed at $227.73, but opened at $240.06. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $248.8620, with a volume of 292,340 shares trading hands.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Up 10.6%

The stock has a market capitalization of $1.40 billion, a PE ratio of 22.41 and a beta of 1.08. The stock has a 50 day moving average price of $217.97 and a 200-day moving average price of $160.11.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Belvedere Trading LLC purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the third quarter worth about $435,000. Brookstone Capital Management bought a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the 3rd quarter worth approximately $526,000. Client First Investment Management LLC bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the third quarter worth approximately $7,719,000. Simplex Trading LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the second quarter worth $1,004,000. Finally, IMC Chicago LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 3rd quarter valued at $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.