Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Trading 8.2% Higher – Still a Buy?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s share price rose 8.2% on Monday . The stock traded as high as $268.10 and last traded at $269.0310. Approximately 80,061 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 342,373 shares. The stock had previously closed at $248.57.

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

The business’s 50 day simple moving average is $235.32 and its 200-day simple moving average is $167.94. The company has a market cap of $757.24 million, a price-to-earnings ratio of 27.33 and a beta of 1.45.

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

The company 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. 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. The ex-dividend date was Wednesday, December 31st.

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

Several institutional investors have recently made changes to their positions in the company. ORG Partners LLC increased its holdings in 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 worth $99,000 after buying an additional 101 shares during the last quarter. TD Waterhouse Canada Inc. bought a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter worth approximately $28,000. Rachor Investment Advisory Services LLC acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter worth $137,000. SBI Securities Co. Ltd. raised its holdings 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 valued at $263,000 after purchasing an additional 699 shares in the last quarter. Finally, Austin Wealth Management LLC acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 4th quarter valued at $295,000.

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.