Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Sets New 1-Year High – Time to Buy?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $285.00 and last traded at $286.9890, with a volume of 96062 shares changing hands. The stock had previously closed at $258.79.

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

The stock has a market cap of $764.02 million, a price-to-earnings ratio of 27.33 and a beta of 1.45. The business’s 50 day moving average is $198.52 and its 200-day moving average is $147.46.

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. Investors of record on Wednesday, December 31st were given a dividend of $0.9282 per share. This is a boost 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 dividend yield of 1.3%.

Institutional Investors Weigh In On Direxion Daily Junior Gold Miners Index Bull 2X Shares

Large investors have recently bought and sold shares of the company. ORG Partners LLC boosted its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 405.2% in the second quarter. ORG Partners LLC now owns 1,263 shares of the exchange traded fund’s stock worth $100,000 after acquiring an additional 1,013 shares during the last quarter. Client First Investment Management LLC purchased a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter valued at $3,729,000. Simplex Trading LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 2nd quarter worth $481,000. Jump Financial LLC purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter worth $5,097,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the third quarter valued at about $973,000.

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.