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) gapped down prior to trading on Thursday . The stock had previously closed at $215.98, but opened at $186.00. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $197.35, with a volume of 73,445 shares trading hands.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Down 3.7%

The company has a fifty day moving average of $260.45 and a 200-day moving average of $208.50. The stock has a market cap of $559.52 million, a PE ratio of 27.33 and a beta of 1.45.

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

Hedge funds have recently made changes to their positions in the business. ORG Partners LLC boosted its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 26.8% in the fourth 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 during the period. TD Waterhouse Canada Inc. purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter worth approximately $28,000. Caitlin John LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter worth approximately $33,000. Rachor Investment Advisory Services LLC purchased a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 4th quarter valued at approximately $137,000. Finally, SBI Securities Co. Ltd. boosted its position in 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 valued at $263,000 after buying an additional 699 shares during the period.

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.