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

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $257.61, but opened at $233.13. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $226.7410, with a volume of 92,631 shares traded.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Stock Down 11.2%

The company has a market cap of $615.34 million, a P/E ratio of 27.33 and a beta of 1.45. The company has a 50 day moving average price of $233.11 and a 200-day moving average price of $165.22.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 31st were issued a $0.9282 dividend. This represents a $3.71 annualized dividend and a dividend yield of 1.6%. This is a positive change from Direxion Daily Junior Gold Miners Index Bull 2X Shares’s previous quarterly dividend of $0.07. The ex-dividend date was Wednesday, December 31st.

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

A number of large investors have recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter valued at $28,000. ORG Partners LLC raised its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 26.8% during the fourth quarter. ORG Partners LLC now owns 478 shares of the exchange traded fund’s stock worth $99,000 after purchasing an additional 101 shares during the period. Rachor Investment Advisory Services LLC acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter valued at approximately $137,000. SBI Securities Co. Ltd. raised its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 122.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,271 shares of the exchange traded fund’s stock valued at $263,000 after purchasing an additional 699 shares in the last quarter. Finally, Austin Wealth Management LLC bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 4th quarter valued at approximately $295,000.

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.