Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Stock Price Down 14.7% – Should You Sell?

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s stock price were down 14.7% during trading on Thursday . The company traded as low as $144.43 and last traded at $151.17. Approximately 855,469 shares were traded during trading, an increase of 7% from the average daily volume of 800,656 shares. The stock had previously closed at $177.32.

Direxion Daily Gold Miners Index Bull 2x Shares Price Performance

The firm has a market capitalization of $833.00 million, a price-to-earnings ratio of 22.41 and a beta of 1.08. The stock has a 50 day moving average price of $248.23 and a two-hundred day moving average price of $187.75.

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

A number of institutional investors and hedge funds have recently bought and sold shares of NUGT. IMC Chicago LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter worth about $10,013,000. Client First Investment Management LLC purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the 3rd quarter worth approximately $7,719,000. Virtu Financial LLC lifted its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 548.5% during the 4th quarter. Virtu Financial LLC now owns 35,648 shares of the exchange traded fund’s stock worth $6,554,000 after buying an additional 30,151 shares in the last quarter. HRT Financial LP boosted its position in Direxion Daily Gold Miners Index Bull 2x Shares by 379.8% in the 4th quarter. HRT Financial LP now owns 34,629 shares of the exchange traded fund’s stock valued at $6,366,000 after buying an additional 27,411 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the 2nd quarter valued at approximately $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.