Direxion Daily Gold Miners Bull 3x Shares (NYSEARCA:NUGT)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $37.02 and traded as high as $33.50. Direxion Daily Gold Miners Bull 3x Shares shares last traded at $32.45, with a volume of 206,937 shares traded.

The stock’s fifty day moving average price is $36.97 and its 200 day moving average price is $24.68.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mutual Advisors LLC purchased a new stake in shares of Direxion Daily Gold Miners Bull 3x Shares during the second quarter valued at approximately $1,158,000. IMC Chicago LLC bought a new position in Direxion Daily Gold Miners Bull 3x Shares in the 2nd quarter valued at approximately $969,000. Morgan Stanley boosted its stake in Direxion Daily Gold Miners Bull 3x Shares by 199.8% during the 2nd quarter. Morgan Stanley now owns 141,470 shares of the exchange traded fund’s stock valued at $3,880,000 after purchasing an additional 94,287 shares during the last quarter. HighTower Advisors LLC purchased a new stake in Direxion Daily Gold Miners Bull 3x Shares during the 2nd quarter valued at $211,000. Finally, Renaissance Technologies LLC purchased a new stake in Direxion Daily Gold Miners Bull 3x Shares during the 2nd quarter valued at $878,000.

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