20,000 Shares in Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) Bought by Seaview Investment Managers LLC

Seaview Investment Managers LLC acquired a new position in Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 20,000 shares of the exchange traded fund’s stock, valued at approximately $703,000.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bull 2x Shares in the fourth quarter valued at approximately $543,000. Beacon Harbor Wealth Advisors Inc. lifted its stake in Direxion Daily Gold Miners Index Bull 2x Shares by 55.6% in the 4th quarter. Beacon Harbor Wealth Advisors Inc. now owns 7,000 shares of the exchange traded fund’s stock valued at $246,000 after buying an additional 2,500 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Direxion Daily Gold Miners Index Bull 2x Shares in the 4th quarter valued at approximately $666,000. IMC Chicago LLC grew its holdings in Direxion Daily Gold Miners Index Bull 2x Shares by 182.7% during the 4th quarter. IMC Chicago LLC now owns 121,040 shares of the exchange traded fund’s stock valued at $4,256,000 after buying an additional 78,230 shares during the last quarter. Finally, PFG Investments LLC purchased a new position in Direxion Daily Gold Miners Index Bull 2x Shares during the fourth quarter worth $364,000.

Direxion Daily Gold Miners Index Bull 2x Shares Stock Down 3.9 %

Shares of NYSEARCA:NUGT opened at $74.22 on Friday. The company has a market capitalization of $560.36 million, a P/E ratio of 24.34 and a beta of 1.69. Direxion Daily Gold Miners Index Bull 2x Shares has a 52-week low of $34.08 and a 52-week high of $79.87. The stock’s fifty day simple moving average is $56.70 and its 200-day simple moving average is $48.69.

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.