Direxion Daily Gold Miners Index Bull 2x ETF (NYSEARCA:NUGT) Shares Gap Up – Here’s What Happened

Direxion Daily Gold Miners Index Bull 2x ETF (NYSEARCA:NUGT)’s stock price gapped up prior to trading on Friday. The stock had previously closed at $143.22, but opened at $149.81. Direxion Daily Gold Miners Index Bull 2x ETF shares last traded at $150.96, with a volume of 143,887 shares changing hands.

Direxion Daily Gold Miners Index Bull 2x ETF Price Performance

The company has a fifty day moving average price of $169.33 and a 200 day moving average price of $160.89. The company has a market cap of $1.04 billion, a PE ratio of 22.41 and a beta of 1.33.

Hedge Funds Weigh In On Direxion Daily Gold Miners Index Bull 2x ETF

A number of hedge funds and other institutional investors have recently modified their holdings of NUGT. 180 Wealth Advisors LLC raised its stake in shares of Direxion Daily Gold Miners Index Bull 2x ETF by 4.6% during the second quarter. 180 Wealth Advisors LLC now owns 3,011 shares of the exchange traded fund’s stock valued at $352,000 after acquiring an additional 132 shares during the last quarter. Parallel Advisors LLC bought a new stake in Direxion Daily Gold Miners Index Bull 2x ETF in the 1st quarter worth approximately $31,000. Integrated Wealth Concepts LLC bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x ETF during the 2nd quarter valued at approximately $99,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Direxion Daily Gold Miners Index Bull 2x ETF by 160.1% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,670 shares of the exchange traded fund’s stock valued at $195,000 after purchasing an additional 1,028 shares during the last quarter. Finally, Optiver Holding B.V. grew its stake in shares of Direxion Daily Gold Miners Index Bull 2x ETF by 72.3% in the 1st quarter. Optiver Holding B.V. now owns 3,052 shares of the exchange traded fund’s stock worth $575,000 after buying an additional 1,281 shares in the last quarter.

About Direxion Daily Gold Miners Index Bull 2x ETF

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.