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

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) shares gapped down before the market opened on Tuesday . The stock had previously closed at $284.70, but opened at $267.95. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $280.2870, with a volume of 182,204 shares.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Down 0.6%

The stock has a fifty day simple moving average of $229.62 and a two-hundred day simple moving average of $169.93. The firm has a market cap of $1.57 billion, a PE ratio of 22.41 and a beta of 1.08.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC boosted its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 3.2% in the 4th quarter. NewEdge Advisors LLC now owns 2,224 shares of the exchange traded fund’s stock valued at $409,000 after purchasing an additional 69 shares during the period. HighTower Advisors LLC increased its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 12.2% in the fourth quarter. HighTower Advisors LLC now owns 1,721 shares of the exchange traded fund’s stock worth $316,000 after purchasing an additional 187 shares during the period. Federation des caisses Desjardins du Quebec raised its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 27.3% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,025 shares of the exchange traded fund’s stock worth $189,000 after buying an additional 220 shares in the last quarter. Harbour Investments Inc. boosted its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 11.1% during the fourth quarter. Harbour Investments Inc. now owns 4,129 shares of the exchange traded fund’s stock valued at $759,000 after buying an additional 413 shares during the period. Finally, CreativeOne Wealth LLC boosted its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 32.9% during the fourth quarter. CreativeOne Wealth LLC now owns 2,219 shares of the exchange traded fund’s stock valued at $408,000 after buying an additional 549 shares during the period.

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.