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)’s share price gapped down prior to trading on Monday . The stock had previously closed at $208.90, but opened at $190.00. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $182.74, with a volume of 312,258 shares.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Up 2.1%

The company has a market capitalization of $1.54 billion, a P/E ratio of 22.41 and a beta of 1.08. The stock’s fifty day moving average is $159.88 and its 200 day moving average is $125.15.

Institutional Trading of Direxion Daily Gold Miners Index Bull 2x Shares

Large investors have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 75.1% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,902 shares of the exchange traded fund’s stock valued at $290,000 after purchasing an additional 1,674 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 2nd quarter worth approximately $557,000. Savvy Advisors Inc. bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 2nd quarter worth approximately $498,000. Simplex Trading LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the second quarter valued at approximately $1,004,000. Finally, Crosspoint Financial LLC bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the second quarter valued at approximately $282,000.

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.