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

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) gapped down prior to trading on Monday . The stock had previously closed at $268.06, but opened at $250.52. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $235.98, with a volume of 118,471 shares.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Stock Up 3.4%

The stock has a market capitalization of $752.72 million, a P/E ratio of 27.33 and a beta of 1.45. The business has a fifty day moving average price of $275.14 and a 200-day moving average price of $200.09.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.9282 per share. The ex-dividend date was Wednesday, December 31st. This represents a $3.71 annualized dividend and a yield of 1.3%. This is an increase from Direxion Daily Junior Gold Miners Index Bull 2X Shares’s previous quarterly dividend of $0.07.

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

Large investors have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter valued at about $28,000. Caitlin John LLC bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 4th quarter worth approximately $33,000. ORG Partners LLC boosted its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 26.8% in the fourth quarter. ORG Partners LLC now owns 478 shares of the exchange traded fund’s stock worth $99,000 after buying an additional 101 shares during the last quarter. Rachor Investment Advisory Services LLC purchased a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter worth approximately $137,000. Finally, SBI Securities Co. Ltd. grew its position in 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 buying an additional 699 shares during the period.

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.