Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Shares Up 4.6%

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) rose 4.6% during mid-day trading on Friday . The stock traded as high as $50.72 and last traded at $50.68. Approximately 395,694 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 2,311,112 shares. The stock had previously closed at $48.43.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Up 4.5 %

The stock has a market cap of $741.44 million, a P/E ratio of 19.80 and a beta of 1.57. The company’s 50 day moving average price is $45.31 and its 200-day moving average price is $39.92.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Hollencrest Capital Management increased its stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 50.0% in the first quarter. Hollencrest Capital Management now owns 900 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 300 shares during the period. 180 Wealth Advisors LLC boosted its stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 12.5% in the 1st quarter. 180 Wealth Advisors LLC now owns 7,123 shares of the exchange traded fund’s stock valued at $245,000 after purchasing an additional 792 shares during the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the fourth quarter worth $49,000. Harbour Investments Inc. raised its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 27.5% during the second quarter. Harbour Investments Inc. now owns 7,462 shares of the exchange traded fund’s stock worth $280,000 after buying an additional 1,608 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the second quarter valued at $195,000.

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.