Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Shares Gap Up – Should You Buy?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $170.48, but opened at $180.00. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $189.22, with a volume of 111,326 shares changing hands.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Stock Up 13.4%

The company has a market cap of $520.22 million, a PE ratio of 27.33 and a beta of 1.45. The stock’s 50 day simple moving average is $263.69 and its two-hundred day simple moving average is $208.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JNUG. Virtu Financial LLC grew its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 18.1% during the fourth quarter. Virtu Financial LLC now owns 38,572 shares of the exchange traded fund’s stock valued at $7,967,000 after acquiring an additional 5,915 shares during the period. Caitlin John LLC acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 4th quarter valued at about $33,000. Client First Investment Management LLC lifted its stake 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 valued at $5,451,000 after purchasing an additional 3,519 shares in the last quarter. SBI Securities Co. Ltd. grew 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 worth $263,000 after purchasing an additional 699 shares during the period. Finally, Rachor Investment Advisory Services LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter worth approximately $137,000.

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.