Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Trading 3.8% Higher – Should You Buy?

Posted by James Quigley on Jan 8th, 2025

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT – Get Free Report) were up 3.8% on Wednesday . The company traded as high as $38.84 and last traded at $38.84. Approximately 1,127,508 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 1,447,532 shares. The stock had previously closed at $37.41.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Up 4.3 %

The company’s 50-day moving average price is $41.49 and its two-hundred day moving average price is $45.01. The company has a market cap of $571.35 million, a P/E ratio of 19.80 and a beta of 1.57.

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

A number of large investors have recently added to or reduced their stakes in the business. Fore Capital LLC acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter worth about $1,691,000. IMC Chicago LLC increased its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 84.4% in the third quarter. IMC Chicago LLC now owns 42,810 shares of the exchange traded fund’s stock worth $2,126,000 after acquiring an additional 19,599 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the third quarter valued at approximately $505,000. Headlands Technologies LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 2nd quarter valued at approximately $195,000. Finally, HighTower Advisors LLC boosted 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 during the period.

Direxion Daily Gold Miners Index Bull 2x Shares Company Profile

(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.