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

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) shares gapped up before the market opened on Wednesday . The stock had previously closed at $175.99, but opened at $184.90. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $194.8170, with a volume of 84,610 shares trading hands.

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

The stock’s 50 day simple moving average is $144.10 and its two-hundred day simple moving average is $186.39. The firm has a market cap of $607.63 million, a P/E ratio of 27.33 and a beta of 1.64.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC raised its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 18.1% in the fourth quarter. Virtu Financial LLC now owns 38,572 shares of the exchange traded fund’s stock worth $7,967,000 after buying an additional 5,915 shares during the period. IMC Chicago LLC raised its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 89.2% during the first quarter. IMC Chicago LLC now owns 20,530 shares of the exchange traded fund’s stock valued at $4,089,000 after purchasing an additional 9,681 shares during the period. Client First Investment Management LLC lifted its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 15.4% in the 4th quarter. Client First Investment Management LLC now owns 26,392 shares of the exchange traded fund’s stock worth $5,451,000 after acquiring an additional 3,519 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake 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 worth $263,000 after acquiring an additional 699 shares during the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter valued at $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.