Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Short Interest Update

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 400,039 shares, a growth of 33.7% from the December 31st total of 299,244 shares. Based on an average daily trading volume, of 635,039 shares, the short-interest ratio is presently 0.6 days. Approximately 7.3% of the shares of the company are short sold. Approximately 7.3% of the shares of the company are short sold. Based on an average daily trading volume, of 635,039 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 473.9% during the second quarter. Tower Research Capital LLC TRC now owns 878 shares of the exchange traded fund’s stock worth $65,000 after purchasing an additional 725 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 40.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,676 shares of the exchange traded fund’s stock worth $413,000 after buying an additional 771 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter worth approximately $71,000. Caitlin John LLC acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the 3rd quarter valued at $164,000. Finally, PFG Investments LLC acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the 3rd quarter valued at $232,000.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Down 25.2%

Direxion Daily Gold Miners Index Bull 2x Shares stock traded down $72.21 on Friday, hitting $213.91. The company’s stock had a trading volume of 2,313,093 shares, compared to its average volume of 879,946. Direxion Daily Gold Miners Index Bull 2x Shares has a one year low of $44.30 and a one year high of $317.99. The firm has a market cap of $1.17 billion, a P/E ratio of 22.41 and a beta of 1.08. The company has a fifty day moving average price of $205.48 and a 200-day moving average price of $150.75.

Direxion Daily Gold Miners Index Bull 2x Shares Company 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.