Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Sees Large Volume Increase – Here’s Why

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG – Get Free Report) saw strong trading volume on Monday . 232,507 shares changed hands during mid-day trading, a decline of 23% from the previous session’s volume of 302,769 shares.The stock last traded at $188.49 and had previously closed at $195.95.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Stock Down 2.2%

The company’s 50 day simple moving average is $142.12 and its 200-day simple moving average is $187.85. The firm has a market cap of $611.49 million, a P/E ratio of 27.33 and a beta of 1.64.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Caitlin John LLC purchased a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter valued at $33,000. Headlands Technologies LLC grew its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% in the 2nd quarter. Headlands Technologies LLC now owns 2,532 shares of the exchange traded fund’s stock valued at $201,000 after acquiring an additional 2,504 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 122.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,271 shares of the exchange traded fund’s stock worth $263,000 after purchasing an additional 699 shares during the period. Qube Research & Technologies Ltd increased its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 693.5% in the second quarter. Qube Research & Technologies Ltd now owns 7,253 shares of the exchange traded fund’s stock worth $576,000 after purchasing an additional 6,339 shares during the period. Finally, JPMorgan Chase & Co. purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the third quarter worth $973,000.

Direxion Daily Junior Gold Miners Index Bull 2X Shares 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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