Short Interest in Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Declines By 56.8%

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 114,917 shares, a decline of 56.8% from the June 15th total of 266,203 shares. Based on an average daily trading volume, of 371,022 shares, the days-to-cover ratio is presently 0.3 days. Approximately 3.9% of the shares of the company are sold short.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Down 3.6%

NYSEARCA:JNUG traded down $4.27 during trading hours on Wednesday, hitting $115.38. 269,677 shares of the company traded hands, compared to its average volume of 304,210. The stock has a market capitalization of $344.99 million, a price-to-earnings ratio of 27.33 and a beta of 1.62. The firm has a 50-day moving average of $152.81 and a 200 day moving average of $211.67. Direxion Daily Junior Gold Miners Index Bull 2X Shares has a twelve month low of $70.02 and a twelve month high of $363.55.

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

A number of institutional investors have recently added to or reduced their stakes in JNUG. 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 in the last quarter. TD Waterhouse Canada Inc. bought a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter worth about $28,000. Caitlin John LLC acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter worth approximately $33,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter worth approximately $137,000. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 122.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,271 shares of the exchange traded fund’s stock worth $263,000 after buying an additional 699 shares in 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.