Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Shares Down 12.7% – Time to Sell?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) traded down 12.7% during trading on Thursday . The stock traded as low as $266.16 and last traded at $260.8030. 141,585 shares were traded during trading, a decline of 58% from the average session volume of 336,016 shares. The stock had previously closed at $298.74.

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

The stock has a market cap of $737.30 million, a PE ratio of 27.33 and a beta of 1.45. The stock’s fifty day moving average is $244.97 and its 200-day moving average is $173.56.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.9282 per share. The ex-dividend date was Wednesday, December 31st. This represents a $3.71 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Direxion Daily Junior Gold Miners Index Bull 2X Shares’s previous quarterly dividend of $0.07.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in JNUG. TD Waterhouse Canada Inc. purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter valued at $28,000. ORG Partners LLC increased its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 26.8% during the 4th quarter. ORG Partners LLC now owns 478 shares of the exchange traded fund’s stock worth $99,000 after purchasing an additional 101 shares during the last quarter. Rachor Investment Advisory Services LLC purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 4th quarter valued at about $137,000. Headlands Technologies LLC raised 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 valued at $201,000 after buying an additional 2,504 shares during the period. Finally, SBI Securities Co. Ltd. lifted its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 122.2% in the fourth 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 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.