Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Gap Up to $37.81

Posted by Patrick Bannon on Jul 3rd, 2024

Shares of Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $37.81, but opened at $38.77. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $40.39, with a volume of 810,765 shares changing hands.

Direxion Daily Gold Miners Index Bull 2x Shares Price Performance

The firm has a 50-day simple moving average of $39.87 and a two-hundred day simple moving average of $34.28. The company has a market cap of $596.26 million, a PE ratio of 19.80 and a beta of 1.57.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Pineridge Advisors LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the first quarter valued at $5,410,000. B. Riley Wealth Advisors Inc. purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the first quarter worth approximately $2,193,000. Simplex Trading LLC boosted its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 192.8% in the 1st quarter. Simplex Trading LLC now owns 93,119 shares of the exchange traded fund’s stock valued at $3,198,000 after purchasing an additional 61,320 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 4th quarter valued at $1,623,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 1st quarter valued at $856,000.

Direxion Daily Gold Miners Index Bull 2x Shares Company Profile

(Get Free Report)

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.