Direxion Daily Gold Miners Bull 3x Shares (NYSEARCA:NUGT) Stock Price Cross Above 50 Day Moving Average of $37.02

Shares of Direxion Daily Gold Miners Bull 3x Shares (NYSEARCA:NUGT) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $37.02 and traded as high as $33.50. Direxion Daily Gold Miners Bull 3x Shares shares last traded at $32.45, with a volume of 206,937 shares trading hands.

The firm has a 50 day moving average of $36.97 and a 200-day moving average of $24.68.

Several hedge funds have recently modified their holdings of the stock. Morgan Stanley boosted its stake in shares of Direxion Daily Gold Miners Bull 3x Shares by 199.8% in the second quarter. Morgan Stanley now owns 141,470 shares of the exchange traded fund’s stock valued at $3,880,000 after buying an additional 94,287 shares during the period. Simplex Trading LLC boosted its stake in shares of Direxion Daily Gold Miners Bull 3x Shares by 400.5% in the second quarter. Simplex Trading LLC now owns 132,079 shares of the exchange traded fund’s stock valued at $3,622,000 after buying an additional 105,690 shares during the period. XR Securities LLC bought a new stake in shares of Direxion Daily Gold Miners Bull 3x Shares in the second quarter valued at approximately $2,135,000. Mutual Advisors LLC bought a new stake in shares of Direxion Daily Gold Miners Bull 3x Shares in the second quarter valued at approximately $1,158,000. Finally, IMC Chicago LLC bought a new stake in shares of Direxion Daily Gold Miners Bull 3x Shares in the second quarter valued at approximately $969,000.

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