Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Stock Price Up 5.4% – What’s Next?

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s share price traded up 5.4% during mid-day trading on Tuesday . The company traded as high as $43.05 and last traded at $43.22. 282,731 shares traded hands during trading, a decline of 83% from the average session volume of 1,636,733 shares. The stock had previously closed at $41.00.

Direxion Daily Gold Miners Index Bull 2x Shares Price Performance

The stock’s fifty day moving average price is $40.10 and its 200-day moving average price is $45.09. The firm has a market cap of $623.65 million, a PE ratio of 19.80 and a beta of 1.57.

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

Several hedge funds and other institutional investors have recently made changes to their positions in NUGT. 180 Wealth Advisors LLC grew its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 9.9% in the 4th quarter. 180 Wealth Advisors LLC now owns 6,529 shares of the exchange traded fund’s stock valued at $230,000 after buying an additional 590 shares in the last quarter. PFG Investments LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 4th quarter worth about $364,000. Virtu Financial LLC purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the 3rd quarter valued at about $505,000. HighTower Advisors LLC lifted its position in Direxion Daily Gold Miners Index Bull 2x Shares by 68.0% in the third quarter. HighTower Advisors LLC now owns 11,378 shares of the exchange traded fund’s stock valued at $564,000 after buying an additional 4,605 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 40.4% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 11,856 shares of the exchange traded fund’s stock worth $589,000 after buying an additional 3,409 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.