Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Trading Up 9.7% – Time to Buy?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s share price rose 9.7% during mid-day trading on Wednesday . The company traded as high as $218.50 and last traded at $218.50. Approximately 159,334 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 322,387 shares. The stock had previously closed at $199.15.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Down 4.9%

The firm has a market cap of $552.53 million, a P/E ratio of 27.33 and a beta of 1.45. The business’s 50-day moving average is $258.18 and its two-hundred day moving average is $208.48.

Hedge Funds Weigh In On Direxion Daily Junior Gold Miners Index Bull 2X Shares

Several institutional investors have recently made changes to their positions in JNUG. Virtu Financial LLC lifted its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 18.1% in the 4th quarter. Virtu Financial LLC now owns 38,572 shares of the exchange traded fund’s stock worth $7,967,000 after purchasing an additional 5,915 shares during the last quarter. Jump Financial LLC bought a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter worth $5,097,000. Client First Investment Management LLC increased its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 15.4% in the fourth quarter. Client First Investment Management LLC now owns 26,392 shares of the exchange traded fund’s stock worth $5,451,000 after buying an additional 3,519 shares during the period. IMC Chicago LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the third quarter worth $3,403,000. Finally, Qube Research & Technologies Ltd lifted its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 693.5% in the second quarter. Qube Research & Technologies Ltd now owns 7,253 shares of the exchange traded fund’s stock valued at $576,000 after buying an additional 6,339 shares during the last quarter.

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.