Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) Shares Gap Down – What’s Next?

Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $195.79, but opened at $182.97. Direxion Daily Junior Gold Miners Index Bull 2X ETF shares last traded at $182.6270, with a volume of 55,248 shares changing hands.

Direxion Daily Junior Gold Miners Index Bull 2X ETF Trading Up 1.9%

The firm has a market cap of $586.42 million, a PE ratio of 27.33 and a beta of 1.76. The firm has a fifty day simple moving average of $155.07 and a two-hundred day simple moving average of $182.63.

Institutional Investors Weigh In On Direxion Daily Junior Gold Miners Index Bull 2X ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of JNUG. IMC Chicago LLC increased its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X ETF 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 acquiring an additional 9,681 shares in the last quarter. Virtu Financial LLC boosted its stake in Direxion Daily Junior Gold Miners Index Bull 2X ETF by 18.1% during the 4th quarter. Virtu Financial LLC now owns 38,572 shares of the exchange traded fund’s stock valued at $7,967,000 after purchasing an additional 5,915 shares during the last quarter. Caitlin John LLC purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X ETF during the 4th quarter valued at $33,000. Client First Investment Management LLC increased its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X ETF 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 purchasing an additional 3,519 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X ETF in the 3rd quarter worth $5,097,000.

About Direxion Daily Junior Gold Miners Index Bull 2X ETF

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.