Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Shares Gap Down – Time to Sell?

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) gapped down prior to trading on Friday . The stock had previously closed at $322.64, but opened at $263.00. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $272.2630, with a volume of 110,210 shares changing hands.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Stock Down 20.9%

The firm has a market cap of $648.60 million, a PE ratio of 27.33 and a beta of 1.45. The business has a 50-day moving average price of $225.96 and a two-hundred day moving average price of $159.95.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.9282 per share. This is a positive change from Direxion Daily Junior Gold Miners Index Bull 2X Shares’s previous quarterly dividend of $0.07. The ex-dividend date was Wednesday, December 31st. This represents a $3.71 annualized dividend and a yield of 1.5%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in JNUG. TD Waterhouse Canada Inc. purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter worth approximately $28,000. Austin Wealth Management LLC purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 4th quarter valued at approximately $295,000. ORG Partners LLC raised its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 26.8% in the 4th quarter. ORG Partners LLC now owns 478 shares of the exchange traded fund’s stock valued at $99,000 after purchasing an additional 101 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter valued at $973,000. Finally, Jump Financial LLC purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter worth $5,097,000.

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.