Savvy Advisors Inc. Sells 4,300 Shares of Direxion Daily Gold Miners Index Bull 2x Shares $NUGT

Savvy Advisors Inc. decreased its position in Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) by 64.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,400 shares of the exchange traded fund’s stock after selling 4,300 shares during the period. Savvy Advisors Inc.’s holdings in Direxion Daily Gold Miners Index Bull 2x Shares were worth $371,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. IMC Chicago LLC bought a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the 3rd quarter valued at $10,013,000. Client First Investment Management LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter valued at $7,719,000. Simplex Trading LLC bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the second quarter valued at about $1,004,000. Qube Research & Technologies Ltd purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the second quarter worth about $990,000. Finally, FNY Investment Advisers LLC purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter valued at about $557,000.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

NYSEARCA:NUGT opened at $253.54 on Monday. Direxion Daily Gold Miners Index Bull 2x Shares has a one year low of $44.30 and a one year high of $317.99. The firm has a market cap of $1.41 billion, a P/E ratio of 22.41 and a beta of 1.08. The firm has a 50-day simple moving average of $219.76 and a 200-day simple moving average of $162.57.

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.