Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Sees Significant Increase in Short Interest

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 400,039 shares, an increase of 33.7% from the December 31st total of 299,244 shares. Based on an average daily trading volume, of 635,039 shares, the short-interest ratio is presently 0.6 days. Currently, 7.3% of the company’s stock are short sold. Currently, 7.3% of the company’s stock are short sold. Based on an average daily trading volume, of 635,039 shares, the short-interest ratio is presently 0.6 days.

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

Several large investors have recently modified their holdings of NUGT. Tower Research Capital LLC TRC raised its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 473.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 878 shares of the exchange traded fund’s stock worth $65,000 after acquiring an additional 725 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the second quarter valued at about $71,000. Caitlin John LLC bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the third quarter worth about $164,000. PFG Investments LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 3rd quarter worth about $232,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the 4th quarter valued at approximately $307,000.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

Shares of NUGT traded up $14.06 during trading hours on Tuesday, hitting $227.68. 998,872 shares of the company were exchanged, compared to its average volume of 905,435. The company has a market cap of $1.23 billion, a PE ratio of 22.41 and a beta of 1.08. The firm’s 50 day moving average is $206.70 and its 200-day moving average is $152.30. Direxion Daily Gold Miners Index Bull 2x Shares has a 52 week low of $44.30 and a 52 week high of $317.99.

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.