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)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $159.91, but opened at $153.00. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $157.18, with a volume of 89,531 shares traded.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Down 2.5%

The company has a market cap of $906.75 million, a P/E ratio of 22.41 and a beta of 1.18. The business has a fifty day moving average price of $187.35 and a 200-day moving average price of $201.82.

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

A number of institutional investors have recently made changes to their positions in NUGT. Qube Research & Technologies Ltd bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the second quarter worth approximately $990,000. Raymond James Financial Inc. bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the second quarter worth approximately $71,000. Tower Research Capital LLC TRC boosted its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 473.9% during the second 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. PFG Investments LLC bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter worth approximately $232,000. Finally, IMC Chicago LLC bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter worth approximately $10,013,000.

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.