Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT – Get Free Report) fell 4.2% on Friday . The stock traded as low as $37.53 and last traded at $37.55. 815,428 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 2,570,334 shares. The stock had previously closed at $39.20.
Direxion Daily Gold Miners Index Bull 2x Shares Trading Down 3.2 %
The stock has a market capitalization of $555.67 million, a PE ratio of 19.80 and a beta of 1.57. The firm has a 50 day moving average of $39.89 and a two-hundred day moving average of $34.02.
Hedge Funds Weigh In On Direxion Daily Gold Miners Index Bull 2x Shares
Hedge funds have recently bought and sold shares of the company. Hollencrest Capital Management increased its position in Direxion Daily Gold Miners Index Bull 2x Shares by 50.0% during the first quarter. Hollencrest Capital Management now owns 900 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 300 shares in the last quarter. 180 Wealth Advisors LLC increased its position in Direxion Daily Gold Miners Index Bull 2x Shares by 12.5% during the first quarter. 180 Wealth Advisors LLC now owns 7,123 shares of the exchange traded fund’s stock worth $245,000 after buying an additional 792 shares in the last quarter. PNC Financial Services Group Inc. purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the fourth quarter worth $49,000. Headlands Technologies LLC purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the fourth quarter worth $136,000. Finally, U S Global Investors Inc. purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the fourth quarter worth $316,000.
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.
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