Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Sets New 52-Week High at $50.46

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) reached a new 52-week high on Tuesday . The company traded as high as $50.46 and last traded at $50.46, with a volume of 59201 shares changing hands. The stock had previously closed at $49.10.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

The company has a 50-day moving average of $41.82 and a 200 day moving average of $37.15. The firm has a market cap of $743.93 million, a P/E ratio of 19.80 and a beta of 1.57.

Hedge Funds Weigh In On Direxion Daily Gold Miners Index Bull 2x Shares

Large investors have recently modified their holdings of the stock. Pineridge Advisors LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 1st quarter valued at approximately $5,410,000. B. Riley Wealth Advisors Inc. bought a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the first quarter valued at 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 first quarter. Simplex Trading LLC now owns 93,119 shares of the exchange traded fund’s stock valued at $3,198,000 after buying an additional 61,320 shares during the period. Jump Financial LLC bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the fourth quarter worth $1,623,000. Finally, Fore Capital LLC bought a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the 2nd quarter valued at $1,691,000.

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.