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

Shares of Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) gapped up before the market opened on Monday . The stock had previously closed at $38.63, but opened at $40.88. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $41.31, with a volume of 816,896 shares.

Direxion Daily Gold Miners Index Bull 2x Shares Price Performance

The stock has a market cap of $642.70 million, a P/E ratio of 19.80 and a beta of 1.57. The stock’s 50 day simple moving average is $49.67 and its two-hundred day simple moving average is $45.17.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in NUGT. Pineridge Advisors LLC bought a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the 1st quarter worth about $5,410,000. B. Riley Wealth Advisors Inc. acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the 1st quarter valued at approximately $2,193,000. Fore Capital LLC bought a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the 2nd quarter valued at approximately $1,691,000. Quadrature Capital Ltd acquired a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the 1st quarter worth approximately $856,000. Finally, IMC Chicago LLC boosted its position in Direxion Daily Gold Miners Index Bull 2x Shares by 84.4% during the 3rd quarter. IMC Chicago LLC now owns 42,810 shares of the exchange traded fund’s stock worth $2,126,000 after acquiring an additional 19,599 shares during the last quarter.

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.