Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Trading 8.8% Higher – Here’s What Happened

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s stock price traded up 8.8% during trading on Monday . The company traded as high as $245.86 and last traded at $245.6670. 275,244 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 875,604 shares. The stock had previously closed at $225.87.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Up 11.3%

The stock has a market capitalization of $1.39 billion, a PE ratio of 22.41 and a beta of 1.08. The stock has a 50 day moving average price of $211.41 and a 200-day moving average price of $156.44.

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

Several hedge funds and other institutional investors have recently made changes to their positions in NUGT. FNY Investment Advisers LLC bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 2nd quarter worth approximately $557,000. Savvy Advisors Inc. purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter worth $498,000. Simplex Trading LLC bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter valued at $1,004,000. Crosspoint Financial LLC bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter valued at $282,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 2nd quarter worth $990,000.

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.