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

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) shares gapped down before the market opened on Tuesday . The stock had previously closed at $351.87, but opened at $303.57. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $275.4140, with a volume of 166,498 shares trading hands.

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

The stock has a market capitalization of $794.68 million, a P/E ratio of 27.33 and a beta of 1.45. The stock’s fifty day moving average price is $271.06 and its 200 day moving average price is $194.31.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 31st were paid a $0.9282 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $3.71 dividend on an annualized basis and a yield of 1.3%. 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

Several institutional investors and hedge funds have recently modified their holdings of JNUG. TD Waterhouse Canada Inc. purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter valued at approximately $28,000. Caitlin John LLC purchased a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter worth $33,000. ORG Partners LLC raised its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 26.8% during the 4th quarter. ORG Partners LLC now owns 478 shares of the exchange traded fund’s stock valued at $99,000 after purchasing an additional 101 shares in the last quarter. Rachor Investment Advisory Services LLC bought a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter valued at $137,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 122.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,271 shares of the exchange traded fund’s stock worth $263,000 after buying an additional 699 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.