Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Hits New 12-Month High – Should You Buy?

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $121.16 and last traded at $120.21, with a volume of 81485 shares traded. The stock had previously closed at $117.60.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Performance

The company has a market capitalization of $922.82 million, a PE ratio of 22.41 and a beta of 1.98. The business’s 50-day moving average is $86.00 and its 200-day moving average is $72.26.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. lifted its position in Direxion Daily Gold Miners Index Bull 2x Shares by 4.6% during the 1st quarter. SBI Securities Co. Ltd. now owns 19,827 shares of the exchange traded fund’s stock valued at $1,232,000 after acquiring an additional 872 shares during the period. Headlands Technologies LLC purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the 1st quarter valued at about $103,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Direxion Daily Gold Miners Index Bull 2x Shares by 122.8% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,228 shares of the exchange traded fund’s stock valued at $138,000 after acquiring an additional 1,228 shares during the period. 180 Wealth Advisors LLC lifted its position in Direxion Daily Gold Miners Index Bull 2x Shares by 3.3% during the 1st quarter. 180 Wealth Advisors LLC now owns 6,742 shares of the exchange traded fund’s stock valued at $419,000 after acquiring an additional 213 shares during the period. Finally, Jump Financial LLC purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the 1st quarter valued at about $8,235,000.

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.