Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Reaches New 12-Month High – Time to Buy?

Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $61.89 and last traded at $61.44, with a volume of 1666687 shares trading hands. The stock had previously closed at $58.64.

Direxion Daily Gold Miners Index Bull 2x Shares Trading Down 0.8 %

The business has a fifty day moving average of $51.02 and a 200-day moving average of $47.20. The firm has a market cap of $615.49 million, a PE ratio of 26.41 and a beta of 2.32.

Direxion Daily Gold Miners Index Bull 2x Shares Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be issued a $0.1476 dividend. This is an increase from Direxion Daily Gold Miners Index Bull 2x Shares’s previous dividend of $0.07. The ex-dividend date of this dividend is Tuesday, March 25th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. 180 Wealth Advisors LLC boosted its position in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 9.9% during the 4th quarter. 180 Wealth Advisors LLC now owns 6,529 shares of the exchange traded fund’s stock valued at $230,000 after acquiring an additional 590 shares during the last quarter. Beacon Harbor Wealth Advisors Inc. raised its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 55.6% in the fourth quarter. Beacon Harbor Wealth Advisors Inc. now owns 7,000 shares of the exchange traded fund’s stock valued at $246,000 after purchasing an additional 2,500 shares in the last quarter. HighTower Advisors LLC lifted its position 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 valued at $564,000 after purchasing an additional 4,605 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the 4th quarter worth approximately $203,000. Finally, Virtu Financial LLC purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares in the 3rd quarter worth approximately $505,000.

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.