Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Up 6.1% – Should You Buy?

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGTGet Free Report)’s share price rose 6.1% during mid-day trading on Monday . The stock traded as high as $81.00 and last traded at $78.72. Approximately 531,001 shares changed hands during trading, a decline of 71% from the average daily volume of 1,801,454 shares. The stock had previously closed at $74.22.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Up 1.4 %

The stock has a fifty day simple moving average of $56.70 and a 200-day simple moving average of $48.69. The company has a market capitalization of $568.21 million, a P/E ratio of 24.34 and a beta of 1.69.

Hedge Funds Weigh In On Direxion Daily Gold Miners Index Bull 2x Shares

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC bought a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the 3rd quarter valued at $505,000. 180 Wealth Advisors LLC increased its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 9.9% in the fourth quarter. 180 Wealth Advisors LLC now owns 6,529 shares of the exchange traded fund’s stock worth $230,000 after acquiring an additional 590 shares in the last quarter. PFG Investments LLC bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 4th quarter valued at about $364,000. IMC Chicago LLC grew its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 182.7% in the 4th quarter. IMC Chicago LLC now owns 121,040 shares of the exchange traded fund’s stock valued at $4,256,000 after purchasing an additional 78,230 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the 4th quarter worth approximately $666,000.

About Direxion Daily Gold Miners Index Bull 2x Shares

(Get Free Report)

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.

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