Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Trading 5.1% Higher – Here’s What Happened

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s stock price rose 5.1% during trading on Thursday . The company traded as high as $61.27 and last traded at $61.63. Approximately 585,059 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 1,870,628 shares. The stock had previously closed at $58.64.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

The stock’s fifty day moving average is $51.02 and its 200 day moving average is $47.18. The stock has a market cap of $615.49 million, a P/E ratio of 26.41 and a beta of 2.32.

Direxion Daily Gold Miners Index Bull 2x Shares Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be issued a $0.1476 dividend. This is a boost from Direxion Daily Gold Miners Index Bull 2x Shares’s previous dividend of $0.07. The ex-dividend date is Tuesday, March 25th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Tudor Investment Corp ET AL bought a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the fourth quarter worth about $203,000. 180 Wealth Advisors LLC raised its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 9.9% in the fourth quarter. 180 Wealth Advisors LLC now owns 6,529 shares of the exchange traded fund’s stock worth $230,000 after buying an additional 590 shares during the period. Beacon Harbor Wealth Advisors Inc. lifted its stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 55.6% during the 4th quarter. Beacon Harbor Wealth Advisors Inc. now owns 7,000 shares of the exchange traded fund’s stock worth $246,000 after acquiring an additional 2,500 shares during the last quarter. PFG Investments LLC purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the 4th quarter valued at $364,000. Finally, Virtu Financial LLC bought a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the 3rd quarter valued at $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.