Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Shares Up 9.5% – Here’s Why

by · The Markets Daily

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG – Get Free Report)’s share price traded up 9.5% during trading on Monday . The company traded as high as $230.43 and last traded at $223.1740. 137,278 shares changed hands during trading, a decline of 22% from the average session volume of 176,710 shares. The stock had previously closed at $203.88.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Down 2.9%

The firm has a market capitalization of $639.08 million, a P/E ratio of 27.33 and a beta of 1.45. The stock has a 50 day simple moving average of $180.29 and a 200-day simple moving average of $137.42.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 31st will be given a dividend of $0.9282 per share. This represents a $3.71 annualized dividend and a yield of 1.6%. This is a boost from Direxion Daily Junior Gold Miners Index Bull 2X Shares’s previous quarterly dividend of $0.07. The ex-dividend date is Wednesday, December 31st.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. ORG Partners LLC increased its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 405.2% in the 2nd quarter. ORG Partners LLC now owns 1,263 shares of the exchange traded fund’s stock worth $100,000 after acquiring an additional 1,013 shares in the last quarter. Headlands Technologies LLC increased its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% in the second quarter. Headlands Technologies LLC now owns 2,532 shares of the exchange traded fund’s stock worth $201,000 after purchasing an additional 2,504 shares in the last quarter. Simplex Trading LLC purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the second quarter worth $481,000. Qube Research & Technologies Ltd lifted its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 693.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 7,253 shares of the exchange traded fund’s stock valued at $576,000 after buying an additional 6,339 shares in the last quarter. Finally, Optiver Holding B.V. bought a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter worth $579,000.

About Direxion Daily Junior Gold Miners Index Bull 2X Shares

(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.

Read More