Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Trading 5.7% Higher – Still a Buy?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUGGet Free Report) shares rose 5.7% during trading on Tuesday . The stock traded as high as $178.47 and last traded at $179.3850. Approximately 88,018 shares traded hands during trading, a decline of 83% from the average daily volume of 523,759 shares. The stock had previously closed at $169.67.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Up 7.7%

The firm has a market capitalization of $619.62 million, a P/E ratio of 27.33 and a beta of 1.45. The stock has a 50-day simple moving average of $159.23 and a two-hundred day simple moving average of $117.46.

Institutional Trading of Direxion Daily Junior Gold Miners Index Bull 2X Shares

A number of hedge funds have recently added to or reduced their stakes in the business. Jump Financial LLC purchased a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter valued at about $5,097,000. Optiver Holding B.V. bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter valued at approximately $579,000. JPMorgan Chase & Co. purchased a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter valued at approximately $973,000. IMC Chicago LLC bought a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the third quarter worth approximately $3,403,000. Finally, Client First Investment Management LLC purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter worth $3,729,000.

About Direxion Daily Junior Gold Miners Index Bull 2X Shares

(Get Free Report)

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.

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