Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Stock Position Lowered by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lessened its stake in Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) by 23.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,508 shares of the exchange traded fund’s stock after selling 453 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Direxion Daily Gold Miners Index Bull 2x Shares were worth $52,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise bought a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the 3rd quarter worth $43,000. Headlands Technologies LLC acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the 4th quarter worth $136,000. 180 Wealth Advisors LLC acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the 4th quarter worth $215,000. U S Global Investors Inc. acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the 4th quarter worth $316,000. Finally, Seaview Investment Managers LLC acquired a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the 3rd quarter worth $247,000.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Down 9.4 %

NYSEARCA NUGT traded down $3.87 during midday trading on Tuesday, hitting $37.09. The company had a trading volume of 2,865,985 shares, compared to its average volume of 2,865,748. The stock has a market cap of $586.02 million, a price-to-earnings ratio of 20.74 and a beta of 1.57. The firm has a fifty day simple moving average of $32.96 and a two-hundred day simple moving average of $31.44. Direxion Daily Gold Miners Index Bull 2x Shares has a fifty-two week low of $23.15 and a fifty-two week high of $51.89.

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.