Centric Wealth Management Reduces Holdings in Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)

Centric Wealth Management decreased its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) by 70.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,540 shares of the exchange traded fund’s stock after selling 98,460 shares during the period. Centric Wealth Management owned about 0.31% of Direxion Daily Gold Miners Index Bull 2x Shares worth $1,445,000 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. Banque Cantonale Vaudoise bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 3rd quarter worth about $43,000. Headlands Technologies LLC bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 4th quarter worth about $136,000. 180 Wealth Advisors LLC bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 4th quarter worth about $215,000. Seaview Investment Managers LLC bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 3rd quarter worth about $247,000. Finally, U S Global Investors Inc. acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 4th quarter valued at about $316,000.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

Shares of NYSEARCA NUGT remained flat at $39.40 during midday trading on Wednesday. 1,638,729 shares of the stock traded hands, compared to its average volume of 2,796,669. Direxion Daily Gold Miners Index Bull 2x Shares has a 1-year low of $23.15 and a 1-year high of $49.84. The business has a fifty day simple moving average of $34.59 and a two-hundred day simple moving average of $31.72. The firm has a market cap of $577.21 million, a price-to-earnings ratio of 19.80 and a beta of 1.57.

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.