Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Gap Down – What’s Next?

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) shares gapped down before the market opened on Thursday . The stock had previously closed at $46.36, but opened at $44.45. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $44.50, with a volume of 496,876 shares trading hands.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Down 5.7 %

The firm has a market capitalization of $593.47 million, a price-to-earnings ratio of 19.80 and a beta of 1.57. The company has a 50-day moving average price of $47.05 and a 200-day moving average price of $45.23.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the third quarter valued at approximately $505,000. HighTower Advisors LLC raised its stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 68.0% in the 3rd quarter. HighTower Advisors LLC now owns 11,378 shares of the exchange traded fund’s stock worth $564,000 after buying an additional 4,605 shares in the last quarter. IMC Chicago LLC raised its stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 84.4% in the 3rd quarter. IMC Chicago LLC now owns 42,810 shares of the exchange traded fund’s stock worth $2,126,000 after buying an additional 19,599 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 40.4% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 11,856 shares of the exchange traded fund’s stock valued at $589,000 after buying an additional 3,409 shares during the period. Finally, Fore Capital LLC bought a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the second quarter valued at about $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.