Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Shares Down 5.4% – What’s Next?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s share price traded down 5.4% during trading on Friday . The company traded as low as $190.58 and last traded at $194.1730. 73,618 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 302,323 shares. The stock had previously closed at $205.22.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Stock Down 3.9%

The stock has a market cap of $629.02 million, a P/E ratio of 27.33 and a beta of 1.76. The firm’s 50 day simple moving average is $147.33 and its two-hundred day simple moving average is $185.53.

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

Institutional investors have recently modified their holdings of the business. IMC Chicago LLC raised its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 89.2% during the first quarter. IMC Chicago LLC now owns 20,530 shares of the exchange traded fund’s stock worth $4,089,000 after acquiring an additional 9,681 shares during the period. Virtu Financial LLC lifted its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 18.1% in the fourth quarter. Virtu Financial LLC now owns 38,572 shares of the exchange traded fund’s stock worth $7,967,000 after acquiring an additional 5,915 shares during the last quarter. Caitlin John LLC acquired a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter valued at approximately $33,000. Client First Investment Management LLC boosted its stake 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 valued at $5,451,000 after acquiring an additional 3,519 shares during the period. Finally, SBI Securities Co. Ltd. grew 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 valued at $263,000 after purchasing an additional 699 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.