Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Stock Price Up 6.7% – Here’s Why

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s share price rose 6.7% during trading on Thursday . The company traded as high as $37.62 and last traded at $37.53. Approximately 696,115 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 2,192,258 shares. The stock had previously closed at $35.16.

Direxion Daily Gold Miners Index Bull 2x Shares Price Performance

The company has a 50-day moving average of $42.17 and a two-hundred day moving average of $44.92. The company has a market capitalization of $547.32 million, a PE ratio of 19.80 and a beta of 1.57.

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

A number of institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC grew its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 68.0% during the 3rd quarter. HighTower Advisors LLC now owns 11,378 shares of the exchange traded fund’s stock valued at $564,000 after buying an additional 4,605 shares in the last quarter. IMC Chicago LLC boosted its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 84.4% during the third quarter. IMC Chicago LLC now owns 42,810 shares of the exchange traded fund’s stock worth $2,126,000 after acquiring an additional 19,599 shares during the last quarter. Headlands Technologies LLC purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the second quarter valued at $195,000. 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. Finally, Virtu Financial LLC purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the 3rd quarter worth $505,000.

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.