Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Gap Down to $44.71

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) gapped down prior to trading on Thursday . The stock had previously closed at $44.71, but opened at $42.61. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $41.77, with a volume of 192,452 shares traded.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Down 5.0 %

The firm has a fifty day moving average of $41.47 and a 200 day moving average of $35.36. The company has a market capitalization of $622.04 million, a P/E ratio of 19.80 and a beta of 1.57.

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

Large investors have recently made changes to their positions in the company. Hollencrest Capital Management grew its stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 50.0% during the 1st 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. PNC Financial Services Group Inc. purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 4th quarter valued at about $49,000. Headlands Technologies LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 4th quarter valued at about $136,000. 180 Wealth Advisors LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 4th quarter valued at about $215,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter valued at about $317,000.

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.