Brookstone Capital Management Makes New $526,000 Investment in Direxion Daily Gold Miners Index Bull 2x Shares $NUGT

Brookstone Capital Management purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 3,404 shares of the exchange traded fund’s stock, valued at approximately $526,000. Brookstone Capital Management owned 0.05% of Direxion Daily Gold Miners Index Bull 2x Shares at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Tower Research Capital LLC TRC grew its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 473.9% in the second quarter. Tower Research Capital LLC TRC now owns 878 shares of the exchange traded fund’s stock valued at $65,000 after purchasing an additional 725 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter worth $71,000. Crosspoint Financial LLC purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter worth approximately $282,000. Thurston Springer Miller Herd & Titak Inc. raised its position in Direxion Daily Gold Miners Index Bull 2x Shares by 75.1% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,902 shares of the exchange traded fund’s stock valued at $290,000 after purchasing an additional 1,674 shares during the last quarter. Finally, Savvy Advisors Inc. purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter valued at approximately $498,000.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

NUGT stock opened at $188.95 on Wednesday. The stock has a market capitalization of $1.54 billion, a PE ratio of 22.41 and a beta of 1.08. Direxion Daily Gold Miners Index Bull 2x Shares has a one year low of $34.46 and a one year high of $211.09. The company has a fifty day moving average of $159.88 and a 200-day moving average of $125.15.

Direxion Daily Gold Miners Index Bull 2x Shares Profile

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.