Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Shares Gap Down – Here’s What Happened

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $153.70, but opened at $138.78. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $148.8040, with a volume of 146,578 shares changing hands.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Price Performance

The firm has a market capitalization of $513.86 million, a P/E ratio of 27.33 and a beta of 1.45. The firm’s 50 day moving average is $150.61 and its two-hundred day moving average is $105.29.

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

Hedge funds have recently bought and sold shares of the company. Jump Financial LLC bought a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the third quarter valued at approximately $5,097,000. Client First Investment Management LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter valued at $3,729,000. IMC Chicago LLC bought a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter worth $3,403,000. Belvedere Trading LLC acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the first quarter valued at $501,000. Finally, Qube Research & Technologies Ltd raised its position in shares of 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 valued at $576,000 after purchasing an additional 6,339 shares during the period.

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

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.