Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) Trading Up 8.2% – What’s Next?

by · The Markets Daily

Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG – Get Free Report) shares traded up 8.2% during mid-day trading on Tuesday . The company traded as high as $187.27 and last traded at $189.6260. Approximately 148,980 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 298,055 shares. The stock had previously closed at $175.30.

Direxion Daily Junior Gold Miners Index Bull 2X ETF Trading Up 8.2%

The stock has a fifty day moving average of $161.26 and a two-hundred day moving average of $175.03. The company has a market capitalization of $519.58 million, a PE ratio of 27.33 and a beta of 1.76.

Institutional Investors Weigh In On Direxion Daily Junior Gold Miners Index Bull 2X ETF

Hedge funds have recently made changes to their positions in the business. Virtu Financial LLC raised its position in Direxion Daily Junior Gold Miners Index Bull 2X ETF by 18.1% in the 4th quarter. Virtu Financial LLC now owns 38,572 shares of the exchange traded fund’s stock worth $7,967,000 after purchasing an additional 5,915 shares during the period. IMC Chicago LLC boosted its position in Direxion Daily Junior Gold Miners Index Bull 2X ETF by 89.2% during the first quarter. IMC Chicago LLC now owns 20,530 shares of the exchange traded fund’s stock valued at $4,089,000 after buying an additional 9,681 shares during the period. Finally, Client First Investment Management LLC boosted its position in Direxion Daily Junior Gold Miners Index Bull 2X ETF by 15.4% during the fourth quarter. Client First Investment Management LLC now owns 26,392 shares of the exchange traded fund’s stock valued at $5,451,000 after buying an additional 3,519 shares during the period.

Direxion Daily Junior Gold Miners Index Bull 2X ETF Company Profile

(Get Free Report)

The Direxion Daily Junior Gold Miners Index Bull 2X Shares (JNUG) is an exchange-traded fund that is based on the MVIS Global Junior Gold Miners index. The fund provides daily 2x exposure to an index of junior gold and silver mining companies from developed as well as emerging markets. JNUG was launched on Oct 3, 2013 and is managed by Direxion.

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