Belvedere Trading LLC Acquires New Position in Direxion Daily Gold Miners Index Bull 2x Shares $NUGT

Belvedere Trading LLC acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,817 shares of the exchange traded fund’s stock, valued at approximately $435,000.

A number of other hedge funds have also added to or reduced their stakes in NUGT. Brookstone Capital Management purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the third quarter valued at approximately $526,000. Client First Investment Management LLC purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the 3rd quarter worth $7,719,000. Simplex Trading LLC bought a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter valued at $1,004,000. Crosspoint Financial LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 2nd quarter worth $282,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 2nd quarter worth $557,000.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Up 1.6%

Shares of Direxion Daily Gold Miners Index Bull 2x Shares stock opened at $231.71 on Wednesday. The firm has a market cap of $1.36 billion, a P/E ratio of 22.41 and a beta of 1.08. Direxion Daily Gold Miners Index Bull 2x Shares has a 12 month low of $38.17 and a 12 month high of $238.47. The stock’s fifty day moving average price is $174.49 and its 200-day moving average price is $134.19.

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.