Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Gap Down to $37.51

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $37.51, but opened at $36.31. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $37.17, with a volume of 306,442 shares changing hands.

Direxion Daily Gold Miners Index Bull 2x Shares Price Performance

The stock has a market cap of $544.69 million, a price-to-earnings ratio of 19.80 and a beta of 1.57. The firm’s 50-day moving average is $39.90 and its 200 day moving average is $34.11.

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

Several institutional investors have recently bought and sold shares of NUGT. Hollencrest Capital Management raised its stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 50.0% during the first quarter. Hollencrest Capital Management now owns 900 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 300 shares during the period. 180 Wealth Advisors LLC increased its stake 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 position in Direxion Daily Gold Miners Index Bull 2x Shares in the 4th quarter worth $49,000. Headlands Technologies LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the fourth quarter worth about $136,000. Finally, U S Global Investors Inc. acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the fourth quarter worth about $316,000.

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.