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

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) gapped down before the market opened on Tuesday . The stock had previously closed at $193.43, but opened at $179.20. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $187.21, with a volume of 100,938 shares.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Up 9.5%

The company has a market cap of $614.78 million, a price-to-earnings ratio of 27.33 and a beta of 1.64. The business has a fifty day moving average price of $145.63 and a two-hundred day moving average price of $186.02.

Institutional Investors Weigh In On 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 JNUG. Caitlin John LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter worth about $33,000. SBI Securities Co. Ltd. lifted its holdings 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 worth $263,000 after purchasing an additional 699 shares during the last quarter. Headlands Technologies LLC lifted its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% in the 2nd quarter. Headlands Technologies LLC now owns 2,532 shares of the exchange traded fund’s stock worth $201,000 after purchasing an additional 2,504 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter worth approximately $973,000. Finally, Qube Research & Technologies Ltd grew its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 693.5% during the second quarter. Qube Research & Technologies Ltd now owns 7,253 shares of the exchange traded fund’s stock valued at $576,000 after purchasing an additional 6,339 shares during the last quarter.

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.