Direxion Daily Gold Miners Bull 3x Shares (NUGT) Short Interest Down 44.9% in October

Direxion Daily Gold Miners Bull 3x Shares (NYSEARCA:NUGT) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 2,781,593 shares, a drop of 44.9% from the September 28th total of 5,050,108 shares. Based on an average daily volume of 11,661,259 shares, the short-interest ratio is presently 0.2 days.

Shares of NUGT stock opened at $14.75 on Friday. Direxion Daily Gold Miners Bull 3x Shares has a 1-year low of $10.56 and a 1-year high of $37.96.

Several hedge funds have recently made changes to their positions in NUGT. North Star Investment Management Corp. lifted its holdings in shares of Direxion Daily Gold Miners Bull 3x Shares by 75,000.0% during the 3rd quarter. North Star Investment Management Corp. now owns 9,012 shares of the exchange traded fund’s stock worth $117,000 after acquiring an additional 9,000 shares during the period. Peak Financial Management Inc. purchased a new position in Direxion Daily Gold Miners Bull 3x Shares in the second quarter valued at approximately $221,000. Bourgeon Capital Management LLC purchased a new position in Direxion Daily Gold Miners Bull 3x Shares in the third quarter valued at approximately $259,000. Cypress Capital Management LLC WY raised its holdings in Direxion Daily Gold Miners Bull 3x Shares by 43.9% in the third quarter. Cypress Capital Management LLC WY now owns 26,825 shares of the exchange traded fund’s stock valued at $347,000 after buying an additional 8,180 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Direxion Daily Gold Miners Bull 3x Shares by 424.9% in the second quarter. SG Americas Securities LLC now owns 50,000 shares of the exchange traded fund’s stock valued at $1,216,000 after buying an additional 40,475 shares during the period.

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