Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG – Get Free Report) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 114,917 shares, a decline of 56.8% from the June 15th total of 266,203 shares. Based on an average trading volume of 371,022 shares, the short-interest ratio is currently 0.3 days. Approximately 3.9% of the company’s stock are sold short.
Institutional Investors Weigh In On Direxion Daily Junior Gold Miners Index Bull 2X Shares
Institutional investors have recently made changes to their positions in the company. IMC Chicago LLC boosted its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 89.2% in the first quarter. IMC Chicago LLC now owns 20,530 shares of the exchange traded fund’s stock worth $4,089,000 after purchasing an additional 9,681 shares in the last quarter. Virtu Financial LLC raised its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 18.1% during 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 last quarter. Caitlin John LLC acquired a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter worth about $33,000. Client First Investment Management LLC lifted its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 15.4% during the 4th quarter. Client First Investment Management LLC now owns 26,392 shares of the exchange traded fund’s stock worth $5,451,000 after buying an additional 3,519 shares during the period. Finally, SBI Securities Co. Ltd. grew its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 122.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,271 shares of the exchange traded fund’s stock valued at $263,000 after buying an additional 699 shares during the last quarter.
Direxion Daily Junior Gold Miners Index Bull 2X Shares Stock Performance
Shares of NYSEARCA:JNUG traded up $7.08 during midday trading on Tuesday, hitting $119.63. 213,883 shares of the stock were exchanged, compared to its average volume of 304,124. Direxion Daily Junior Gold Miners Index Bull 2X Shares has a 52-week low of $70.02 and a 52-week high of $363.55. The business’s fifty day simple moving average is $155.62 and its two-hundred day simple moving average is $213.21. The company has a market capitalization of $351.71 million, a PE ratio of 27.33 and a beta of 1.62.
About Direxion Daily Junior Gold Miners Index Bull 2X Shares
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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