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

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s share price gapped up before the market opened on Friday . The stock had previously closed at $144.50, but opened at $161.50. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $166.58, with a volume of 136,703 shares trading hands.

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

The firm’s 50-day moving average price is $130.64 and its 200 day moving average price is $198.98. The company has a market cap of $521.18 million, a price-to-earnings ratio of 27.33 and a beta of 1.64.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC raised its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 18.1% during the 4th 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 last quarter. IMC Chicago LLC boosted its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 89.2% in the 1st quarter. IMC Chicago LLC now owns 20,530 shares of the exchange traded fund’s stock worth $4,089,000 after purchasing an additional 9,681 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter worth $973,000. Client First Investment Management LLC grew its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 15.4% during the fourth quarter. Client First Investment Management LLC now owns 26,392 shares of the exchange traded fund’s stock worth $5,451,000 after purchasing an additional 3,519 shares during the period. Finally, Caitlin John LLC acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter worth $33,000.

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.