Beacon Harbor Wealth Advisors Inc. Purchases 2,500 Shares of Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)

Beacon Harbor Wealth Advisors Inc. raised its stake in Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) by 55.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,000 shares of the exchange traded fund’s stock after buying an additional 2,500 shares during the quarter. Beacon Harbor Wealth Advisors Inc.’s holdings in Direxion Daily Gold Miners Index Bull 2x Shares were worth $246,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. HighTower Advisors LLC raised its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 68.0% in the third quarter. HighTower Advisors LLC now owns 11,378 shares of the exchange traded fund’s stock valued at $564,000 after purchasing an additional 4,605 shares during the last quarter. IMC Chicago LLC increased its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 182.7% during the fourth quarter. IMC Chicago LLC now owns 121,040 shares of the exchange traded fund’s stock worth $4,256,000 after buying an additional 78,230 shares during the last quarter. 180 Wealth Advisors LLC increased its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 9.9% in the fourth quarter. 180 Wealth Advisors LLC now owns 6,529 shares of the exchange traded fund’s stock valued at $230,000 after purchasing an additional 590 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the third quarter valued at $505,000. Finally, PFG Investments LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the fourth quarter valued at $364,000.

Direxion Daily Gold Miners Index Bull 2x Shares Price Performance

NYSEARCA:NUGT opened at $51.67 on Thursday. The firm’s fifty day moving average price is $44.38 and its two-hundred day moving average price is $45.99. The company has a market cap of $570.95 million, a P/E ratio of 24.22 and a beta of 2.39. Direxion Daily Gold Miners Index Bull 2x Shares has a one year low of $28.88 and a one year high of $60.74.

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.