Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Trading 4.5% Higher

Shares of Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) traded up 4.5% on Thursday . The stock traded as high as $39.41 and last traded at $38.90. 2,552,889 shares were traded during mid-day trading, a decline of 11% from the average session volume of 2,864,677 shares. The stock had previously closed at $37.21.

Direxion Daily Gold Miners Index Bull 2x Shares Price Performance

The firm has a market cap of $630.42 million, a price-to-earnings ratio of 20.74 and a beta of 1.57. The firm’s fifty day moving average is $32.06 and its two-hundred day moving average is $31.16.

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

Several hedge funds and other institutional investors have recently bought and sold shares of NUGT. Simplex Trading LLC raised its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 192.8% during the 1st quarter. Simplex Trading LLC now owns 93,119 shares of the exchange traded fund’s stock worth $3,198,000 after buying an additional 61,320 shares during the period. 180 Wealth Advisors LLC raised its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 12.5% during the 1st quarter. 180 Wealth Advisors LLC now owns 7,123 shares of the exchange traded fund’s stock worth $245,000 after buying an additional 792 shares during the period. PNC Financial Services Group Inc. acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the 4th quarter worth about $49,000. IMC Chicago LLC raised its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 33.5% during the 4th quarter. IMC Chicago LLC now owns 79,207 shares of the exchange traded fund’s stock worth $2,755,000 after buying an additional 19,879 shares during the period. Finally, Jump Financial LLC acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the 4th quarter worth about $1,623,000.

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.