Virtu Financial LLC Takes $505,000 Position in Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)

Virtu Financial LLC acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) during the third quarter, Holdings Channel reports. The institutional investor acquired 10,163 shares of the exchange traded fund’s stock, valued at approximately $505,000.

A number of other hedge funds have also modified their holdings of the company. Fore Capital LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the second quarter valued at about $1,691,000. IMC Chicago LLC grew its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 84.4% during the third quarter. IMC Chicago LLC now owns 42,810 shares of the exchange traded fund’s stock worth $2,126,000 after acquiring an additional 19,599 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 40.4% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 11,856 shares of the exchange traded fund’s stock worth $589,000 after acquiring an additional 3,409 shares during the period. HighTower Advisors LLC grew its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 68.0% during the third quarter. HighTower Advisors LLC now owns 11,378 shares of the exchange traded fund’s stock worth $564,000 after acquiring an additional 4,605 shares during the period. Finally, Harbour Investments Inc. grew its holdings 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 acquiring an additional 1,608 shares during the period.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Down 5.7 %

Direxion Daily Gold Miners Index Bull 2x Shares stock opened at $40.51 on Monday. The firm has a market cap of $593.47 million, a price-to-earnings ratio of 19.80 and a beta of 1.57. Direxion Daily Gold Miners Index Bull 2x Shares has a 52 week low of $23.15 and a 52 week high of $60.74. The business’s 50-day moving average price is $47.05 and its 200 day moving average price is $45.27.

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.