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

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $316.07, but opened at $294.92. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $311.5870, with a volume of 82,656 shares trading hands.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Down 0.3%

The firm has a 50 day moving average of $255.72 and a two-hundred day moving average of $183.46. The stock has a market capitalization of $847.68 million, a PE ratio of 27.33 and a beta of 1.45.

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 issued 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 dividend on an annualized basis and a yield of 1.2%.

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

Institutional investors have recently modified their holdings of the company. TD Waterhouse Canada Inc. purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 4th quarter valued at about $28,000. Caitlin John LLC purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter worth about $33,000. ORG Partners LLC raised its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 26.8% in 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. Rachor Investment Advisory Services LLC bought a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter valued at $137,000. Finally, Headlands Technologies LLC grew its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% in the second quarter. Headlands Technologies LLC now owns 2,532 shares of the exchange traded fund’s stock worth $201,000 after purchasing an additional 2,504 shares in 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.