Beacon Harbor Wealth Advisors Inc. Trims Stock Position in Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT)

Beacon Harbor Wealth Advisors Inc. decreased its holdings in Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) by 50.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,500 shares of the exchange traded fund’s stock after selling 4,500 shares during the quarter. Beacon Harbor Wealth Advisors Inc.’s holdings in Direxion Daily Gold Miners Index Bull 2x Shares were worth $223,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NUGT. Headlands Technologies LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the second quarter worth approximately $195,000. Harbour Investments Inc. boosted its holdings in shares of Direxion Daily Gold Miners Index Bull 2x Shares by 27.5% in the 2nd quarter. Harbour Investments Inc. now owns 7,462 shares of the exchange traded fund’s stock valued at $280,000 after purchasing an additional 1,608 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 2nd quarter valued at $317,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares during the 1st quarter worth $384,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the 1st quarter worth $856,000.

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

NUGT stock opened at $48.32 on Friday. The company has a market cap of $707.89 million, a PE ratio of 19.80 and a beta of 1.57. The stock has a 50-day moving average price of $50.15 and a two-hundred day moving average price of $44.90. Direxion Daily Gold Miners Index Bull 2x Shares has a 12-month low of $23.15 and a 12-month high of $60.74.

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.