Headlands Technologies LLC Invests $1.28 Million in Direxion Daily Gold Miners Index Bull 2x Shares $NUGT

Headlands Technologies LLC purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,958 shares of the exchange traded fund’s stock, valued at approximately $1,282,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. lifted its position in Direxion Daily Gold Miners Index Bull 2x Shares 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 worth $195,000 after buying an additional 1,028 shares in the last quarter. 180 Wealth Advisors LLC increased its stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 4.6% in the 2nd quarter. 180 Wealth Advisors LLC now owns 3,011 shares of the exchange traded fund’s stock worth $352,000 after acquiring an additional 132 shares during the last quarter. Parallel Advisors LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 1st quarter worth $31,000. Optiver Holding B.V. raised its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 72.3% during the 1st quarter. Optiver Holding B.V. now owns 3,052 shares of the exchange traded fund’s stock worth $575,000 after acquiring an additional 1,281 shares during the period. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 1st quarter valued at about $753,000.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Down 2.4%

Shares of NUGT stock opened at $189.73 on Tuesday. Direxion Daily Gold Miners Index Bull 2x Shares has a twelve month low of $98.81 and a twelve month high of $320.79. The company’s 50-day moving average price is $139.52 and its 200-day moving average price is $175.65. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 22.41 and a beta of 1.25.

Direxion Daily Gold Miners Index Bull 2x Shares 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.