Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Stock Price Up 6.6% – What’s Next?

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) shares shot up 6.6% on Thursday . The company traded as high as $62.30 and last traded at $62.16. 593,830 shares traded hands during trading, a decline of 68% from the average session volume of 1,848,959 shares. The stock had previously closed at $58.31.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

The company has a 50-day moving average of $53.63 and a 200-day moving average of $47.71. The stock has a market capitalization of $564.42 million, a price-to-earnings ratio of 29.18 and a beta of 1.68.

Direxion Daily Gold Miners Index Bull 2x Shares Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.1476 per share. This is a boost from Direxion Daily Gold Miners Index Bull 2x Shares’s previous dividend of $0.07. The ex-dividend date was Tuesday, March 25th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Tudor Investment Corp ET AL purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares during the fourth quarter valued at about $203,000. 180 Wealth Advisors LLC lifted its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 9.9% during the 4th quarter. 180 Wealth Advisors LLC now owns 6,529 shares of the exchange traded fund’s stock valued at $230,000 after acquiring an additional 590 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. boosted its position in Direxion Daily Gold Miners Index Bull 2x Shares by 55.6% during the 4th quarter. Beacon Harbor Wealth Advisors Inc. now owns 7,000 shares of the exchange traded fund’s stock worth $246,000 after purchasing an additional 2,500 shares during the period. PFG Investments LLC acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the 4th quarter valued at $364,000. Finally, Virtu Financial LLC purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the third quarter valued at about $505,000.

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.