Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) Shares Up 5.8% – Should You Buy?

Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUGGet Free Report)’s stock price rose 5.8% during mid-day trading on Friday . The company traded as high as $193.38 and last traded at $190.8290. Approximately 73,542 shares were traded during trading, a decline of 75% from the average session volume of 299,296 shares. The stock had previously closed at $180.34.

Direxion Daily Junior Gold Miners Index Bull 2X ETF Stock Up 2.0%

The company has a fifty day moving average price of $154.04 and a 200 day moving average price of $182.62. The stock has a market cap of $587.00 million, a PE ratio of 27.33 and a beta of 1.76.

Institutional Trading of Direxion Daily Junior Gold Miners Index Bull 2X ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC increased its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X ETF by 18.1% in the fourth quarter. Virtu Financial LLC now owns 38,572 shares of the exchange traded fund’s stock worth $7,967,000 after buying 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 1st 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. Client First Investment Management LLC grew its holdings in Direxion Daily Junior Gold Miners Index Bull 2X ETF by 15.4% in 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 acquiring an additional 3,519 shares during the last quarter. Jump Financial LLC bought a new stake in Direxion Daily Junior Gold Miners Index Bull 2X ETF in the 3rd quarter worth $5,097,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X ETF in the third quarter valued at about $973,000.

About Direxion Daily Junior Gold Miners Index Bull 2X ETF

(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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