Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Share Price Cross Below 50-Day Moving Average – What’s Next?

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $158.10 and traded as low as $117.00. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $121.60, with a volume of 290,430 shares changing hands.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Price Performance

The stock has a fifty day moving average price of $157.03 and a 200 day moving average price of $214.17. The stock has a market capitalization of $356.89 million, a P/E ratio of 27.33 and a beta of 1.62.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JNUG. Virtu Financial LLC boosted its position in shares of 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 valued at $7,967,000 after acquiring an additional 5,915 shares during the period. JPMorgan Chase & Co. purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter worth approximately $973,000. Client First Investment Management LLC boosted its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 15.4% in the 4th quarter. Client First Investment Management LLC now owns 26,392 shares of the exchange traded fund’s stock valued at $5,451,000 after purchasing an additional 3,519 shares during the period. Caitlin John LLC bought a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 4th quarter valued at $33,000. Finally, ORG Partners LLC grew its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 26.8% during 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.

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.