Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Trading Down 2.8%

Shares of Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) fell 2.8% during trading on Friday . The company traded as low as $52.67 and last traded at $52.85. 559,258 shares were traded during trading, a decline of 76% from the average session volume of 2,294,714 shares. The stock had previously closed at $54.36.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

The company has a market capitalization of $760.34 million, a PE ratio of 19.80 and a beta of 1.57. The stock’s 50 day moving average is $46.24 and its 200 day moving average is $41.41.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hollencrest Capital Management raised its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 50.0% during the 1st quarter. Hollencrest Capital Management now owns 900 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 300 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 4th quarter valued at $49,000. Headlands Technologies LLC bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter valued at $195,000. 180 Wealth Advisors LLC grew its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 12.5% during the 1st quarter. 180 Wealth Advisors LLC now owns 7,123 shares of the exchange traded fund’s stock valued at $245,000 after purchasing an additional 792 shares during the last quarter. Finally, Harbour Investments Inc. grew its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 27.5% during the 2nd quarter. Harbour Investments Inc. now owns 7,462 shares of the exchange traded fund’s stock valued at $280,000 after purchasing an additional 1,608 shares during 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.