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

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $214.34, but opened at $229.59. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $233.9080, with a volume of 84,244 shares changing hands.

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

The company’s 50-day moving average price is $166.98 and its 200 day moving average price is $127.31. The stock has a market capitalization of $771.46 million, a P/E ratio of 27.33 and a beta of 1.45.

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

Institutional investors have recently added to or reduced their stakes in the stock. ORG Partners LLC boosted its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 405.2% during the 2nd quarter. ORG Partners LLC now owns 1,263 shares of the exchange traded fund’s stock valued at $100,000 after purchasing an additional 1,013 shares during the last quarter. Headlands Technologies LLC boosted its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% during 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. Optiver Holding B.V. purchased a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the third quarter valued at $579,000. Walleye Trading LLC purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the first quarter valued at $255,000. Finally, HighTower Advisors LLC bought a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the first quarter valued at $274,000.

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.