Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Shares Gap Up – Here’s Why

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) gapped up before the market opened on Wednesday . The stock had previously closed at $175.99, but opened at $184.90. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $194.8170, with a volume of 84,610 shares.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Stock Up 8.2%

The company has a market cap of $607.63 million, a P/E ratio of 27.33 and a beta of 1.64. The firm’s 50 day moving average is $144.10 and its two-hundred day moving average is $186.39.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in JNUG. Qube Research & Technologies Ltd raised its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 693.5% in the second quarter. Qube Research & Technologies Ltd now owns 7,253 shares of the exchange traded fund’s stock worth $576,000 after acquiring an additional 6,339 shares during the period. Headlands Technologies LLC lifted its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% during the 2nd quarter. Headlands Technologies LLC now owns 2,532 shares of the exchange traded fund’s stock worth $201,000 after acquiring an additional 2,504 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter valued at about $973,000. Jump Financial LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter worth approximately $5,097,000. Finally, SBI Securities Co. Ltd. grew its stake in shares of 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 last quarter.

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.