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) gapped up prior to trading on Wednesday . The stock had previously closed at $190.93, but opened at $200.00. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $198.8030, with a volume of 38,156 shares trading hands.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Up 2.5%

The business has a fifty day simple moving average of $151.56 and a 200 day simple moving average of $184.04. The stock has a market capitalization of $624.24 million, a P/E ratio of 27.33 and a beta of 1.76.

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

A number of hedge funds have recently bought and sold shares of the company. Qube Research & Technologies Ltd raised its holdings in shares of 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 purchasing an additional 6,339 shares during the last quarter. Headlands Technologies LLC grew its position 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 worth $201,000 after purchasing an additional 2,504 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter valued at about $973,000. Jump Financial LLC bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter worth approximately $5,097,000. Finally, Client First Investment Management LLC lifted its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 15.4% during the 4th 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 in 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.