Direxion Daily Gold Miners Index Bull 2x Shares Sees Unusually High Options Volume (NYSEARCA:NUGT)

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGTGet Free Report) was the recipient of some unusual options trading on Monday. Stock investors bought 7,971 call options on the company. This is an increase of 27% compared to the average volume of 6,284 call options.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Up 2.6 %

Shares of NUGT opened at $35.25 on Tuesday. Direxion Daily Gold Miners Index Bull 2x Shares has a 12 month low of $23.15 and a 12 month high of $51.89. The firm’s 50 day moving average is $28.32 and its 200-day moving average is $30.04. The stock has a market capitalization of $465.30 million, a PE ratio of 16.65 and a beta of 1.98.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NUGT. Global Retirement Partners LLC acquired a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter valued at approximately $28,000. Advisor Group Holdings Inc. raised its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 98.7% during the 4th quarter. Advisor Group Holdings Inc. now owns 1,065 shares of the exchange traded fund’s stock worth $37,000 after buying an additional 529 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 3rd quarter worth $43,000. PNC Financial Services Group Inc. acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the fourth quarter valued at about $49,000. Finally, Harbour Investments Inc. bought a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the third quarter valued at about $52,000.

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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