Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Sees Large Volume Increase – What’s Next?

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) saw strong trading volume on Tuesday . 619,772 shares traded hands during trading, a decline of 47% from the previous session’s volume of 1,177,702 shares.The stock last traded at $38.82 and had previously closed at $36.44.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

The company has a market cap of $574.57 million, a P/E ratio of 19.80 and a beta of 1.57. The firm’s fifty day moving average is $41.21 and its two-hundred day moving average is $44.97.

Institutional Trading of Direxion Daily Gold Miners Index Bull 2x Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter valued at approximately $195,000. Fore Capital LLC bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the second quarter worth $1,691,000. Thurston Springer Miller Herd & Titak Inc. grew 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 valued at $589,000 after acquiring an additional 3,409 shares in the last quarter. IMC Chicago LLC increased its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 84.4% in the 3rd quarter. IMC Chicago LLC now owns 42,810 shares of the exchange traded fund’s stock valued at $2,126,000 after acquiring an additional 19,599 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 68.0% in the 3rd quarter. HighTower Advisors LLC now owns 11,378 shares of the exchange traded fund’s stock worth $564,000 after purchasing an additional 4,605 shares in the last quarter.

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.