Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Shares Gap Down – Should You Sell?

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) gapped down prior to trading on Tuesday . The stock had previously closed at $316.07, but opened at $294.92. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $311.5870, with a volume of 82,656 shares trading hands.

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

The stock has a market capitalization of $847.68 million, a price-to-earnings ratio of 27.33 and a beta of 1.45. The business’s 50 day simple moving average is $255.72 and its 200-day simple moving average is $183.46.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 31st were paid a $0.9282 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $3.71 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Direxion Daily Junior Gold Miners Index Bull 2X Shares’s previous quarterly dividend of $0.07.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Client First Investment Management LLC bought a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the third quarter worth about $3,729,000. IMC Chicago LLC bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter valued at about $3,403,000. Simplex Trading LLC acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 2nd quarter worth approximately $481,000. JPMorgan Chase & Co. bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter worth approximately $973,000. Finally, Jump Financial LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter valued at approximately $5,097,000.

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.