Essex Investment Management Co. LLC Has $2.34 Million Position in Direxion Daily Gold Miners Bull 3x Shares (NUGT)

Essex Investment Management Co. LLC lifted its position in Direxion Daily Gold Miners Bull 3x Shares (NYSEARCA:NUGT) by 64.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 180,973 shares of the exchange traded fund’s stock after purchasing an additional 71,239 shares during the quarter. Essex Investment Management Co. LLC’s holdings in Direxion Daily Gold Miners Bull 3x Shares were worth $2,344,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in NUGT. Rational Advisors LLC purchased a new stake in shares of Direxion Daily Gold Miners Bull 3x Shares in the first quarter valued at about $122,000. Peak Financial Management Inc. purchased a new stake in shares of Direxion Daily Gold Miners Bull 3x Shares in the second quarter valued at about $221,000. SG Americas Securities LLC grew its holdings in shares of 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 purchasing an additional 40,475 shares during the period. Raffles Associates LP purchased a new stake in shares of Direxion Daily Gold Miners Bull 3x Shares in the second quarter valued at about $1,216,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Direxion Daily Gold Miners Bull 3x Shares in the second quarter valued at about $1,856,000.

Shares of NUGT opened at $16.01 on Wednesday. Direxion Daily Gold Miners Bull 3x Shares has a 12-month low of $10.56 and a 12-month high of $37.96.

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Institutional Ownership by Quarter for Direxion Daily Gold Miners Bull 3x Shares (NYSEARCA:NUGT)

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